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Standard Chartered ( (GB:STAN) ) has issued an update.
Standard Chartered PLC announced the purchase of 1,191,500 of its ordinary shares as part of a share buy-back program. The shares were acquired at prices ranging from 1,161.5000 to 1,212.5000 GB pence, with a volume-weighted average price of 1,192.2893 GB pence. The company plans to cancel the purchased shares, reducing the total number of shares in issue to 2,396,823,854, which will also be the total number of voting rights. This move is part of a strategic effort to manage capital and improve shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, incorporated in England and Wales. The company offers a wide range of financial services and products, primarily focusing on emerging markets across Asia, Africa, and the Middle East.
YTD Price Performance: 27.59%
Average Trading Volume: 4,004
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $37.3B
Learn more about STAN stock on TipRanks’ Stock Analysis page.