HSBC Buys Back About 5 Million Shares
MT Newswires Live11-21 09:54
HSBC Holdings (HKG:0005) bought back about 5.0 million shares in the UK and Hong Kong on Wednesday, according to a Thursday filing with the Hong Kong Stock Exchange.
The British lender repurchased 2,948,157 shares in the UK at a weighted average price of 7.24 pounds sterling and 1,990,000 shares in Hong Kong at a weighted average price of HK$71.33.
Since the program started, HSBC has repurchased 110,061,505 shares for a total consideration of about $1.0 billion.
Upon cancellation of the repurchased shares in the UK, the bank will have 18,059,529,447 ordinary shares.
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