Standard Chartered (GB:STAN) has released an update.
Standard Chartered PLC has announced the purchase of 1,208,000 of its own shares at a weighted average price of 681.4234 pence per share, as part of its 2024 Buy-back program detailed earlier in February. These shares, bought from J.P. Morgan Securities plc, are to be cancelled, which will reduce the total number of ordinary shares in issue and consequently the number of voting rights. The move is part of the company’s strategy to apply previous funds to share purchases and is in compliance with set parameters and regulations.
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