HSBC executes significant share buyback and cancellation

HSBC Holdings (EN:HSBA) posted an update.

HSBC Holdings plc has announced the purchase and subsequent cancellation of a substantial number of its shares, totalling 245,997,259, for approximately US$2.15 billion, under a buyback initiative to be launched on 7 May 2024. The transaction, which involves trading on the UK and Hong Kong stock exchanges on 27 June 2024, is expected to reduce the Company’s issued share capital. Shareholders are being notified of the new share capital of 18,617,508,401 ordinary shares, which will be used as a basis for future notifications of their interest or changes in their holdings.

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