HSBC Buys Back Shares

MT Newswires Live
21 May

HSBC (HKG:0005) repurchased 2,256,310 shares on Tuesday, according to a Wednesday Hong Kong bourse filing.

The lender repurchased 981,510 shares in the UK at a volume-weighted average price of 8.8686 pounds sterling apiece and 1,274,800 shares in Hong Kong for HK$92.2608 per share.

HSBC has so far repurchased 66,854,139 shares for $767.5 million since the current buyback program began May 6.

Following the cancellation of repurchased shares in the UK, the bank will have 17,614,980,398 shares in issue.

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