Standard Chartered ( (GB:STAN) ) has provided an announcement.
Standard Chartered PLC has announced the purchase of 1,225,353 of its own ordinary shares as part of a share buy-back program. This move, executed through J.P. Morgan Securities plc, is part of a strategy to manage the company’s capital structure and enhance shareholder value. The purchased shares will be cancelled, reducing the total number of shares in issue to 2,386,195,079. This buy-back reflects the company’s commitment to maintaining a robust financial position and optimizing its capital allocation.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services across Asia, Africa, and the Middle East. The company offers a range of products and services including personal banking, corporate banking, wealth management, and investment services.
YTD Price Performance: 23.33%
Average Trading Volume: 6,364
Technical Sentiment Signal: Sell
Current Market Cap: $35.2B
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