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An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced the purchase of 528,934 of its ordinary shares as part of its ongoing share buy-back program. The shares, purchased from Goldman Sachs International, were acquired at a volume-weighted average price of 1,393.07 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 2,301,864,865, which will also be the total number of voting rights. This move is part of Standard Chartered’s strategy to manage its capital structure effectively.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, incorporated in England and Wales. It provides a wide range of financial services, focusing on consumer, corporate, and institutional banking across its global network.
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.