Standard Chartered PLC (STANCHART, stock code 02888) disclosed a further reduction of its share capital following a series of on-market buy-backs carried out between 9 and 13 March 2026 and cancelled on 17 March 2026.
Key takeaways
1. Share cancellation • 4.55 million ordinary shares were cancelled on 17 March 2026, cutting the issued share count by 0.20 % to 2.24 billion shares. • The repurchased shares were bought at volume-weighted average prices ranging from GBP 15.70 to GBP 16.89.
2. Buy-backs awaiting cancellation • A further 1.95 million shares repurchased on 16 and 17 March 2026 remain outstanding and are scheduled for cancellation. • These purchases were executed at average prices of GBP 15.51 (16 March) and GBP 15.91 (17 March).
3. 17 March 2026 trading details • 969,425 shares were bought across the London Stock Exchange, Cboe BXE and Cboe CXE. • Price range: GBP 15.56–16.12; total consideration: GBP 15.42 million.
4. Mandate utilisation • The current authority, granted at the 8 May 2025 AGM, permits the company to repurchase up to 236.38 million shares. • Cumulative buy-backs under this mandate now total 118.22 million shares, representing 5.00 % of the shares in issue when the mandate was approved.
Following the latest cancellation, Standard Chartered’s issued share capital stands at 2,243.71 million ordinary shares, with an additional 1.95 million shares pending cancellation. The company confirmed all repurchases were executed in accordance with applicable listing rules and domestic regulations on the respective trading venues.
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