Hsbc Holdings Plc (UK) (GB:HSBA) has released an update.
HSBC Holdings PLC has announced the purchase and subsequent cancellation of a significant number of its own shares, with over 4.5 million shares bought on UK Venues and over 3.1 million on the Hong Kong Stock Exchange on May 17, 2024. The buy-back is part of a previously announced plan from May 7, 2024, which has seen the company repurchase 50.2 million shares for around US$442.0 million. Following the cancellation, HSBC’s issued share capital will consist of 18,801,422,061 ordinary shares with voting rights.
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