Standard Chartered has announced a share buyback program, aiming to boost its shareholder value. The bank has authorized a program to repurchase up to $400 million worth of its own shares, with the aim of offsetting the impact of share dilution resulting from employee stock options. The buyback program will run from July 1, 2023, to June 30, 2024, or until the allocated amount is fully utilized. The company believes that this move will enhance shareholder value by returning capital to shareholders and increasing the proportion of shares outstanding.
Standard Chartered’s buyback initiative drives shareholder value enhancement
by newsworm | Dec 5, 2024 | Banking, Standard Chartered