Standard Chartered reduces share capital through buybacks
Standard Chartered PLC announced a reduction in its issued share capital through several share repurchase and cancellation events between September 8 and September 12, 2025. The company's opening balance of issued shares on September 11, 2025, was 2,302,934,367. Subsequent repurchases and cancellations included 540,568 shares at £13.8279, 528,934 shares at £13.9307, and 523,120 shares at £14.1574. These transactions led to a closing balance of 2,301,341,745 issued shares as of September 12, 2025.
Additionally, the company reported shares repurchased but not yet cancelled. As of September 11, 2025, 519,780 shares, repurchased at £14.2181, were awaiting cancellation. An additional 517,832 shares, repurchased at £14.2567, were awaiting cancellation as of September 12, 2025. These repurchases were executed on the London Stock Exchange, CBOE BXE, and CBOE CXE. The total number of shares repurchased on September 12, 2025, was 517,832, with an aggregate price paid of £7,382,679.04.
The company has authorization to repurchase up to 236,377,715 shares under a resolution passed on May 8, 2025. Since this resolution, 59,678,233 shares have been repurchased. The percentage of issued shares repurchased since the resolution date on various stock exchanges stands at 2.5247%. The directors intend to cancel these purchased shares.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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