Standard Chartered Executes Share Buy-Back to Enhance Shareholder Value

Standard Chartered ( (GB:STAN) ) has provided an update.

Standard Chartered PLC has executed a share buy-back program, purchasing 554,348 of its own ordinary shares from Goldman Sachs International. The transaction, which forms part of a previously announced buy-back initiative, was conducted across multiple trading venues with the lowest and highest prices paid per share being 1,061.00 and 1,075.00 pence, respectively. The company plans to cancel these shares, reducing the number of ordinary shares in issue and consequently the total voting rights. This move aims to enhance shareholder value and optimize the company’s capital structure.

More about Standard Chartered

Standard Chartered PLC is a multinational banking and financial services company incorporated in England and Wales. It operates in the financial industry, offering a range of services including personal banking, corporate banking, and wealth management. The company has a global presence with a focus on emerging markets across Asia, Africa, and the Middle East.

YTD Price Performance: 4.81%

Average Trading Volume: 6,137

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $30.24B

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