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An announcement from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced the purchase of 1,233,000 of its ordinary shares as part of a share buy-back program. The shares were acquired at a volume-weighted average price of 1,067.9286 GB pence per share, with the intention to cancel them, reducing the total number of shares in issue to 2,362,544,157. This move is part of the company’s strategy to optimize its capital structure and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily operating in Asia, Africa, and the Middle East. The company offers a wide range of financial services, including personal banking, corporate banking, and wealth management, focusing on emerging markets.
Average Trading Volume: 970,968
Technical Sentiment Signal: Buy
Current Market Cap: HK$264.8B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.