HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has completed its share buy-back program with the repurchase and subsequent cancellation of over 127 million ordinary shares on both UK and Hong Kong stock exchanges, at an average price of £6.2034 and HK$61.3458 respectively, amounting to a total spend of around US$2 billion. The final transaction involved the purchase of approximately 1.2 million shares in the UK and 1.3 million shares in Hong Kong on April 23, 2024. This strategic move is anticipated to potentially influence the company’s share value and the interests of its shareholders.
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