HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has announced the cancellation of a significant number of its ordinary shares, both in the UK and Hong Kong, as part of a buy-back program initiated in February 2024. This move comes after the repurchase of over 200 million shares for around $1.57 billion, signaling the company’s ongoing strategy to optimize shareholder value. Following the recent cancellations, HSBC’s issued share capital now consists of 18,904,130,340 ordinary shares with voting rights.
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