HSBC Holdings (HKG:0005) has repurchased 3.4 million shares for cancellation on Monday as part of its ongoing buyback program, according to a Tuesday filing on the Hong Kong Exchange.
The repurchases were made on both UK and Hong Kong stock exchanges.
In the UK, HSBC bought back 1.8 million shares, with prices ranging from 8.6640 pounds to 8.7760 pounds, and a volume-weighted average price of 8.7140 pounds.
On the Hong Kong Stock Exchange, the company repurchased 1.6 million shares, with prices between HK$87.9000 and HK$89.0000, averaging HK$88.6431.
Since the buyback commenced, HSBC has repurchased a total of 136 million shares, amounting to $1.55 billion.
Following the cancellation of the shares repurchased in the UK, HSBC's issued ordinary share capital will be reduced to 17.74 billion shares with voting rights.
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