HSBC Holdings Buys Back over 9.6 Million Shares

MT Newswires Live
01-14

HSBC Holdings (HKG:0005) bought back over 9.6 million shares in the UK and Hong Kong on Monday, according to a filing with the Hong Kong Stock Exchange.

The British lender repurchased 6,908,518 shares in the UK at a weighted average price of 7.94 pounds sterling apiece and 2,717,200 shares in Hong Kong at a weighted average price of HK$75.42 per share.

Since the program started, HSBC has repurchased 257,825,148 shares for about $2.41 billion.

Upon cancellation of the repurchased shares in the UK, the bank will have 17,905,087,122 ordinary shares.

Price (HKD): $75.45, Change: $+0.15, Percent Change: +0.20%

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