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Standard Chartered ( (GB:STAN) ) has provided an update.
Standard Chartered PLC has announced the purchase of 523,666 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 985.60 to 997.20 pence per share. This move is part of a broader strategy to optimize capital structure and return excess capital to shareholders. After the cancellation of these shares, the company will have 2,426,388,927 ordinary shares in issue, which will adjust the total voting rights accordingly. This share buy-back is executed under specific parameters and complies with relevant regulations, indicating a strategic focus on enhancing shareholder value.
More about Standard Chartered
Standard Chartered PLC is a prominent banking and financial services company, primarily engaged in providing a range of financial products and services. The company operates globally with a focus on markets across Asia, Africa, and the Middle East, offering services that include personal banking, corporate banking, wealth management, and investment banking.
YTD Price Performance: 43.75%
Average Trading Volume: 5,623
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.1B
For an in-depth examination of STAN stock, go to TipRanks’ Stock Analysis page.
