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Standard Chartered ( (GB:STAN) ) has provided an update.
Standard Chartered PLC has announced the purchase of 522,017 of its ordinary shares as part of a previously detailed share buy-back program. This move is part of a strategy to optimize the company’s capital structure and is expected to impact the number of voting rights, reducing the total number of shares in issue to 2,423,368,579. This buy-back is conducted in accordance with regulatory requirements, reflecting the company’s commitment to maintaining legal compliance while potentially enhancing shareholder value.
More about Standard Chartered
Standard Chartered PLC is a leading financial institution based in England and Wales, operating as a public limited company. It provides a wide range of banking and financial services, catering to aglobal marketwith a particular focus on Asia, Africa, and the Middle East.
YTD Price Performance: 0.66%
Average Trading Volume: 6,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.44B
See more insights into STAN stock on TipRanks’ Stock Analysis page.
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