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Imperial Brands Cancels Further Shares in £1.45bn Buyback Programme

Story Highlights
  • Imperial Brands repurchased and will cancel over 500,000 shares as part of its £1.45 billion buyback, reducing total shares in issue to about 788.9 million.
  • The share cancellation tightens Imperial Brands’ capital base, potentially boosting earnings per share and aiding investors’ regulatory disclosure calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Imperial Brands Cancels Further Shares in £1.45bn Buyback Programme

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Imperial Brands ( (GB:IMB) ) has issued an update.

Imperial Brands has repurchased 500,691 ordinary shares on 24 February 2026 under its ongoing £1.45 billion share buyback programme, paying an average price of 3,264.72 pence per share through broker Morgan Stanley. The company will cancel these shares, reducing the number of ordinary shares in issue to 788,856,409, a move that tightens its share capital base and may enhance earnings per share while offering investors a clear reference point for regulatory disclosure thresholds.

The reduction in share count underscores Imperial Brands’ continued use of buybacks as a key capital allocation tool, signalling confidence in cash generation and providing incremental support to the share price. For shareholders and other stakeholders, the updated share capital figure is important for monitoring ownership positions, potential voting power, and compliance with disclosure obligations under UK market transparency rules.

The most recent analyst rating on (GB:IMB) stock is a Buy with a £3500.00 price target. To see the full list of analyst forecasts on Imperial Brands stock, see the GB:IMB Stock Forecast page.

Spark’s Take on GB:IMB Stock

According to Spark, TipRanks’ AI Analyst, GB:IMB is a Outperform.

Imperial Brands scores well due to strong earnings call performance and positive technical indicators. Financial performance is stable but requires careful management of debt and cash flow. The attractive valuation further supports the stock’s potential, despite some regulatory challenges.

To see Spark’s full report on GB:IMB stock, click here.

More about Imperial Brands

Imperial Brands is a UK-based international tobacco and nicotine company, best known for manufacturing and selling cigarettes and next-generation products across global markets. Listed on the London Stock Exchange, it focuses on returning cash to shareholders alongside managing a declining combustible tobacco market and investing selectively in reduced-risk products.

Average Trading Volume: 1,928,212

Technical Sentiment Signal: Buy

Current Market Cap: £25.63B

See more insights into IMB stock on TipRanks’ Stock Analysis page.

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