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The latest update is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 523,120 of its own ordinary shares as part of a share buy-back program. The shares were acquired at a volume-weighted average price of 1,415.74 pence per share, with the intention to cancel them, reducing the total number of shares in issue to 2,301,341,745. This move is part of a strategic effort to optimize the company’s capital structure and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, incorporated in England and Wales, focusing on providing financial services across Asia, Africa, and the Middle East. The company offers a range of products and services including personal banking, corporate and institutional banking, and wealth management.
Learn more about STAN stock on TipRanks’ Stock Analysis page.