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An update from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced a share buy-back transaction where it purchased 556,441 of its ordinary shares through Goldman Sachs International. This buy-back is part of a previously disclosed plan from July 2024. The shares were bought at prices ranging between 1,058.00 pence and 1,083.50 pence, with a volume-weighted average price of 1,070.99 pence. The company plans to cancel these shares, reducing the total number of shares in circulation to 2,414,765,943. This move is aimed at optimizing the company’s capital structure and returning value to shareholders.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group operating primarily in Asia, Africa, and the Middle East. The company provides a wide range of financial products and services, including personal banking, corporate banking, and wealth management solutions, focusing on emerging markets.
YTD Price Performance: 7.83%
Average Trading Volume: 4,534
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $31.82B
Find detailed analytics on STAN stock on TipRanks’ Stock Analysis page.
