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 both UK and Hong Kong stock exchanges, as per the announcement made on 22 February 2024. The company has bought back a substantial number of shares for a hefty sum, indicating a significant capital return to shareholders. Following the recent cancellations, HSBC’s total issued share capital has been updated, affecting the voting rights share denominator for shareholders.
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