JPMC announced that it will cancel its treasury shares. It will cancel 992,448 shares after the market closes on the 27th, leaving 16,733,152 issued shares after the cancellation.
JPMC announced that it will cancel 992,448 treasury shares after the market closes. The cancellation is scheduled to take effect on 30 December and represents 5.60% of issued shares.
The number of issued shares after the cancellation will be 16,733,152. The announcement was reported by Kabutan.
The cancellation of treasury shares is reportedly being viewed favorably as a market factor.