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HSBC Buys Back 2.6 Million Shares in UK, Hong Kong

MT Newswires Live12-19

HSBC (HKG:0005) repurchased 2,575,057 shares in the UK and Hong Kong on Wednesday, according to a Thursday filing with the Hong Kong exchange.

The British lender repurchased 1,112,657 shares in the UK at a weighted average price of 7.65 pounds sterling apiece and 1,462,400 shares in Hong Kong at a weighted average price of HK$74.94 per share.

Since the start of the current buyback program, HSBC has bought back 188,837,624 shares for a total of about $1.74 billion.

Upon cancellation of the repurchased shares in the UK, the bank will have 17,962,349,328 ordinary shares.

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