Standard Chartered ( (GB:STAN) ) has issued an update.
Standard Chartered PLC announced the purchase of 1,181,997 of its ordinary shares as part of its ongoing share buy-back program. The shares were bought at a volume-weighted average price of 1,166.1806 GB pence, and the company plans to cancel these shares, reducing the total number of shares in issue to 2,398,015,354. This move is part of Standard Chartered’s strategy to enhance shareholder value and optimize its capital structure, reflecting confidence in its financial position and future prospects.
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 emerging markets across Asia, Africa, and the Middle East. The company is known for its strong presence in these regions, offering services such as personal banking, corporate banking, and wealth management.
YTD Price Performance: 24.36%
Average Trading Volume: 4,127
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $36.38B
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