HSBC Holdings plc (HSBC) has released an update.
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HSBC Holdings plc has announced the repurchase and subsequent cancellation of a substantial number of its shares as part of a buy-back program that commenced earlier in May. The transactions, involving purchases from both UK and Hong Kong venues, totaled over 50 million shares for a consideration close to US$442.0 million. As a result of the UK share cancellations, HSBC’s issued share capital has been adjusted, affecting shareholder percentage calculations.
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