On Thursday, HSBC Bank Plc announced the completion of an early repurchase of shares originally issued under ISIN GB00BS3KLQ58. The repurchase has effectively reduced the outstanding balance of these shares to zero from the previous amount of $115,384,615.00.
The transaction, which was conducted in USD, took place with HSBC Bank Plc serving as the paying agent. This move by the bank, headquartered in London, is part of its broader financial management strategies.
The value date for this repurchase was recorded as November 12, 2024. Following the repurchase, there are no longer any shares outstanding under the specified ISIN.
HSBC Bank Plc has not disclosed specific reasons or future plans related to this early repurchase event. The completion of this transaction is now a matter of public record, with details available through the official announcement on Business Wire.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.