HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has continued its share buy-back program, purchasing and cancelling millions of shares on April 9, 2024, from both UK and Hong Kong stock exchanges, with the total shares repurchased since February amounting to nearly 193 million for around $1.5 billion. Post-cancellation, HSBC’s issued share capital is adjusted, impacting shareholders’ notification requirements about their interest in the company. This move is part of the company’s ongoing efforts to enhance shareholder value.
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