HSBC Holdings plc (HSBC) has released an update.
HSBC Holdings plc has announced the cancellation of a significant number of shares, after repurchasing them on UK and Hong Kong stock exchanges for a substantial total consideration. The repurchase is part of the company’s buy-back program initiated earlier this year, affecting the total issued ordinary share capital. The move is expected to alter the shareholder voting rights denominator, with further details available on the company’s website.
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