HSBC Buys Back Shares in London, Hong Kong

MT Newswires Live
11 Mar

HSBC Holdings (HKG:0005) bought back 6,535,754 shares in Hong Kong and London on Monday, according to a Tuesday bourse filing.

The British lender repurchased 3,535,754 shares in the UK at a weighted average price of 8.64 pounds sterling and 3 million shares in Hong Kong at a weighted average price of HK$88.35.

Since the program started, HSBC has repurchased 68,082,631 shares for a total consideration of about $780.4 million.

Upon cancellation of the repurchased shares in the UK, the bank will have 17,799,188,051 ordinary shares with voting rights.

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