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An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered has continued its previously announced share buy-back programme, repurchasing 938,200 ordinary shares on 13 March 2026 across the London Stock Exchange and CBOE venues at a volume-weighted average price of about 1,570 pence. The bank has so far deployed more than US$210 million on the buy-back and intends to cancel the repurchased shares, reducing the number of shares in issue to 2,243,710,167 and thereby concentrating voting rights and potentially enhancing returns for remaining shareholders.
The transactions were executed through J.P. Morgan Securities under pre-set parameters and in compliance with applicable UK and EU-derived market abuse regulations. The move underscores Standard Chartered’s ongoing capital management strategy, signalling confidence in its balance sheet and earnings outlook while modestly improving capital efficiency and value per share for investors.
More about Standard Chartered
Standard Chartered PLC is a UK-incorporated international banking group that provides retail, commercial and institutional banking services. The bank has a significant presence in emerging markets across Asia, Africa and the Middle East, focusing on trade finance, corporate banking, wealth management and financial markets services for a global client base.
Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.