Standard Chartered buys back shares for US$197.2m

Standard Chartered PLC (HKEX:2888) announced today that it purchased 1,201,982 of its ordinary shares at US$0.50 each from J.P. Morgan Securities plc. The buy-back is part of a previously announced program from February 24, 2025. The shares were purchased across multiple venues, with the London Stock Exchange accounting for 721,682 shares. The volume weighted average price paid per share was GB pence 1,165.6152. Post-cancellation, the total number of voting rights in SC will be 2,400,396,113. As of the business day preceding this announcement, Standard Chartered had allocated a total of US$197,182,024.74 to the share buy-back. The bank intends to cancel the purchased shares.