Standard Chartered (GB:STAN) has released an update.
Standard Chartered PLC has made strides in its share buy-back program, purchasing 1,215,000 shares at a weighted average price of 659.3927 pence each, as part of its previously announced 2024 Buy-back plan. The company has invested a total of US$565,972,803.86 in the buy-back and intends to cancel the acquired shares, which will reduce the total number of voting rights in the company to 649,265,784. This move aligns with the company’s strategy to enhance shareholder value and is conducted in compliance with regulatory requirements.
For further insights into GB:STAN stock, check out TipRanks’ Stock Analysis page.
