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The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC has announced the repurchase of 512,407 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 1,447.75 pence. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value. Following the cancellation of these shares, the total number of voting rights in the company will be reduced to 2,291,563,706, potentially impacting the company’s market positioning and shareholder dynamics.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, incorporated in England and Wales. The company offers a wide range of financial services and operates primarily in Asia, Africa, and the Middle East, focusing on emerging markets.
See more insights into STAN stock on TipRanks’ Stock Analysis page.