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Standard Chartered ( (GB:STAN) ) has issued an update.
Standard Chartered PLC announced the purchase of 1,197,353 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,075.5000 to 1,121.0000 GB pence, with a volume-weighted average price of 1,097.6009 GB pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,363,777,157, which will also be the total number of voting rights. This move is part of Standard Chartered’s strategy to manage its capital structure and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a multinational banking and financial services company incorporated in England and Wales. It primarily focuses on providing financial products and services, including personal banking, corporate banking, and wealth management. The company operates in various markets across the globe, with a significant presence in Asia, Africa, and the Middle East.
YTD Price Performance: 21.40%
Average Trading Volume: 49,743
Technical Sentiment Signal: Sell
Current Market Cap: $34.16B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.