Standard Chartered PLC (abbrev. STANCHART) has reduced its outstanding ordinary share capital following a series of on-market repurchases executed under the authority granted at its 7 May 2026 AGM.
Key takeaways
1. Share cancellation • 386,441 shares repurchased on 8 October 2026 and 394,159 shares repurchased on 9 October 2026 were cancelled on 13 October 2026. • The cancellations lowered the company’s issued share count to 2.17 billion (2,172,352,873 shares), a 0.04% reduction from the 12 October opening balance of 2.17 billion shares.
2. Shares awaiting cancellation • A further 777,049 shares—391,912 bought on 12 October and 385,137 bought on 13 October—remain pending cancellation.
3. 13 October repurchase details • Total shares bought: 385,137, acquired on the London Stock Exchange, CBOE BXE and CBOE CXE. • Price range: GBP 21.57–22.15 per share; aggregate consideration: GBP 8.41 million. • All shares purchased on 13 October are scheduled for cancellation.
4. Remaining buy-back capacity • Shareholders authorised repurchases of up to 221.63 million shares at the 7 May 2026 AGM. • Cumulative repurchases under this mandate now stand at 42.39 million shares, representing 1.91% of the shares in issue when the authority was granted.
The current buy-back authority remains valid until the conclusion of the 2027 AGM or 6 August 2027, whichever is earlier.
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