Standard Chartered to commence US$1.5bn share buy-back

Standard Chartered PLC (HKEX:2888) announced it will commence a share buy-back program, as initially noted on February 21, 2025, to purchase ordinary shares worth up to US$1.5 billion. The program, starting February 25, 2025, and running until August 21, 2025, aims to reduce the company's share capital. J.P. Morgan Securities plc ("JPMS plc") will act as principal in the buy-back, independently making trading decisions. Shares will be purchased on the London Stock Exchange, Cboe Europe, and other UK-recognized exchanges.