HSBC Holdings ( (GB:HSBA) ) has shared an update.
HSBC Holdings plc has announced the purchase and cancellation of a significant number of its ordinary shares as part of a buy-back program initiated on 20 February 2025. This transaction, involving over 3.4 million shares across UK and Hong Kong exchanges, underscores HSBC’s strategic focus on optimizing its capital structure. The buy-back reflects HSBC’s commitment to returning value to shareholders, with a total of 132.5 million shares repurchased since the program’s inception, amounting to approximately US$1.51 billion. The cancellation of these shares will adjust the company’s ordinary share capital, impacting shareholder voting rights and potentially enhancing shareholder value.
More about HSBC Holdings
HSBC Holdings plc is a major global financial services company headquartered in London, United Kingdom. It operates in the banking and financial services industry, providing a wide range of services including retail banking, commercial banking, investment banking, and wealth management. HSBC has a significant presence in both the UK and Hong Kong markets, among others.
YTD Price Performance: 12.75%
Average Trading Volume: 27,421,658
Technical Sentiment Signal: Sell
Current Market Cap: £157.1B
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