STANCHART trims share base after latest London-led buyback; 371.89k shares cancelled, further 0.73m pending

Bulletin Express08-12 17:09

Standard Chartered PLC (STANCHART) has reduced its issued ordinary share capital following continued execution of its 2026 share-repurchase mandate.

Key developments 1. Capital reduction: On 11 August 2026, 371,894 shares repurchased on 7 August were cancelled, cutting the issued share count by 0.017 % to 2.188 billion shares.

2. Ongoing cancellations: A further 729,654 shares—366,641 bought on 10 August and 363,013 on 11 August—remain in treasury awaiting cancellation. Combined, these represent an additional 0.033 % of current outstanding shares.

3. Recent repurchase terms (11 August): • Total shares bought: 363,013 • Venues: London Stock Exchange (254,405 shares), CBOE BXE (36,343), CBOE CXE (72,265) • Price range: GBP 22.08–22.37 per share • Aggregate consideration: GBP 8.07 million • Volume-weighted average price (VWAP) of shares cancelled (repurchased 7 Aug): GBP 22.17.

Mandate utilisation • Shareholders authorised management on 7 May 2026 to repurchase up to 221.63 million shares. • Since that approval, 26.25 million shares—1.18 % of shares outstanding at the mandate date—have been acquired on the London Stock Exchange and CBOE platforms. • All repurchased shares are intended for cancellation.

Post-transaction position • Issued share capital stands at 2,188.45 million shares, excluding the 0.73 million shares pending cancellation. • No treasury shares are held.

Regulatory compliance The board confirms that all repurchases were executed in line with Hong Kong Stock Exchange Listing Rules and the relevant regulations of the London Stock Exchange and CBOE venues.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Recent repurchase terms (11 August):  \n   • Total shares bought: 363,013  \n   • Venues: London Stock Exchange (254,405 shares), CBOE BXE (36,343), CBOE CXE (72,265)  \n   • Price range: GBP 22.08–22.37 per share  \n   • Aggregate consideration: GBP 8.07 million  \n   • Volume-weighted average price (VWAP) of shares cancelled (repurchased 7 Aug): GBP 22.17.\nMandate utilisation  \n• Shareholders authorised management on 7 May 2026 to repurchase up to 221.63 million shares.  \n• Since that approval, 26.25 million shares—1.18 % of shares outstanding at the mandate date—have been acquired on the London Stock Exchange and CBOE platforms.  \n• All repurchased shares are intended for cancellation.\nPost-transaction position  \n• Issued share capital stands at 2,188.45 million shares, excluding the 0.73 million shares pending cancellation.  \n• No treasury shares are held.\nRegulatory compliance  \nThe board confirms that all repurchases were executed in line with Hong Kong Stock Exchange Listing Rules and the relevant regulations of the London Stock Exchange and CBOE venues.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1105417704","isCrawlerRequest":true}