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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 515,330 of its ordinary shares as part of its ongoing share buy-back program. The shares were bought at prices ranging from 1,454.00 to 1,487.00 GB pence, with a volume-weighted average price of 1,473.31 GB pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,291,048,376, which will also be the new total number of voting rights. 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. It offers a wide range of financial services including personal banking, corporate banking, and wealth management, with a focus on emerging markets across Asia, Africa, and the Middle East.
See more insights into STAN stock on TipRanks’ Stock Analysis page.