HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has continued its share buy-back initiative, purchasing a substantial number of shares for cancellation on April 19, 2024, from both UK and Hong Kong stock exchanges. The transaction is part of a series of buy-backs that began on February 22, 2024, with the company having bought back over 248 million shares to date, amounting to around US$1.945 billion in total expenditure. Following the latest cancellations, HSBC’s remaining issued share capital comprises over 18.8 billion ordinary shares with voting rights.
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