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Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme

Story Highlights
  • Imperial Brands repurchased 376,778 shares on 23 January 2026 under its £1.45 billion buyback.
  • The cancelled shares reduce the share count to 791.8 million, potentially boosting EPS and affecting disclosure thresholds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme

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Imperial Brands ( (GB:IMB) ) has shared an announcement.

Imperial Brands has repurchased 376,778 of its 10p ordinary shares on 23 January 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 3,015.14 pence per share in an on-exchange transaction executed by Morgan Stanley. The company intends to cancel these shares, reducing the number of ordinary shares in issue to 791,829,646, a move that tightens the share base and may enhance earnings per share, while also updating the denominator shareholders must use for regulatory disclosure of holdings under 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 PLC is a UK-listed multinational tobacco and nicotine products company whose primary business is the manufacture and sale of cigarettes, cigars and next-generation products. It operates globally with a focus on developed and emerging markets, and its shares are traded on the London Stock Exchange.

Average Trading Volume: 1,748,965

Technical Sentiment Signal: Buy

Current Market Cap: £23.96B

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

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