Standard Chartered share buyback will start on July 30, 2026, with the bank setting a limit of up to $1 billion. The bank also said it filed its 2026 Half Year Report with the UK’s Financial Conduct Authority. Meanwhile, Standard Chartered appointed Goldman Sachs International under a non-discretionary deal to carry out the purchases.
Under the plan, Goldman Sachs will buy ordinary shares as principal and make trading decisions on its own. The programme will end by January 29, 2027, at the latest, unless it finishes earlier. However, the bank said the timetable remains subject to no regulatory objections.
The repurchase plan has two limits. It can buy shares worth up to $1 billion in total, or up to 201,451,712 ordinary shares, whichever comes first. In addition, the programme stays within the buyback authority already approved by shareholders.
Standard Chartered Share Buyback Terms
Standard Chartered said it will cancel all shares bought under the programme. As a result, the bank said the move aims to reduce its share capital. Purchases will take place on the London Stock Exchange and on Cboe Europe’s BXE and CXE order books. They may also take place on other approved UK exchanges.
The bank said the programme will follow FCA Listing Rules, UK market abuse rules, and Hong Kong listing and takeover codes. However, Standard Chartered said it will not buy any shares on the Stock Exchange of Hong Kong itself.
Half Year Report Filing Details
Separately, the bank said it lodged its 2026 Half Year Report with the FCA. It added that the report will soon be available through the National Storage Mechanism and on its investor relations website. Furthermore, Standard Chartered said shareholders should receive hard copies by August 19, 2026.
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Source: LeapRate
