Standard Chartered Buys Back 1.1 Million Shares

MT Newswires Live
29 Apr

Standard Chartered (HKG:2888) repurchased 1.1 million shares on April 24 under its ongoing buyback program, with a volume-weighted average price of 10.792705 pounds sterling per share.

The transactions were executed on the London Stock Exchange and CBOE BXE, according to its Hong Kong bourse filing on Monday.

With this latest purchase, the bank has now allocated $607 million to its share repurchase initiative.

Upon cancellation of these shares, Standard Chartered's total issued share capital will stand at 2.37 billion ordinary shares.

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