Standard Chartered Advances Share Buy-back, Cancels Additional Shares
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Standard Chartered PLC has advanced its share buy-back program by purchasing 294,230 ordinary shares at an average price of 1,825.23 pence per share. The bank plans to cancel these shares, reducing the total to 2,263,003,334 ordinary shares. This move, part of a US$1.06 billion repurchase initiative, aims to tighten the share capital base and potentially enhance earnings per share and returns for existing shareholders.
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