Hsbc Holdings Plc (UK) (GB:HSBA) has released an update.
HSBC Holdings PLC has continued its share buy-back program, purchasing millions of shares for cancellation in both the UK and Hong Kong markets, with the transactions contributing to a reduction in the company’s issued ordinary share capital. The repurchase of shares on the UK and Hong Kong stock exchanges was part of a plan announced earlier in the month, with the company spending approximately US$290.1m since the buy-back’s inception. The cancellation of these shares is set to adjust the total number of voting rights available to shareholders.
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