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Imperial Brands Cancels New Batch of Shares in Ongoing £1.45bn Buyback

Story Highlights
  • Imperial Brands repurchased 378,901 shares under its £1.45 billion buyback, with plans to cancel them.
  • The cancellation cuts shares in issue to 784.8 million, modestly boosting EPS and resetting disclosure thresholds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Imperial Brands Cancels New Batch of Shares in Ongoing £1.45bn Buyback

Meet Samuel – Your Personal Investing Prophet

An announcement from Imperial Brands ( (GB:IMB) ) is now available.

Imperial Brands has continued execution of its £1.45 billion share buyback, repurchasing 378,901 ordinary shares on 12 March 2026 at an average price of 3,104.07 pence per share, with Morgan Stanley acting as broker. The company intends to cancel these shares, reducing the number of ordinary shares in issue to 784,844,967, a move that slightly enhances earnings per share and adjusts the denominator for major shareholders’ disclosure obligations under UK transparency rules.

The updated share count will now serve as the reference figure for investors and other stakeholders when calculating whether they must report holdings or changes in holdings under regulatory disclosure requirements. By shrinking its equity base via ongoing buybacks, Imperial Brands is signalling continued capital returns to investors while fine-tuning its balance sheet in line with its previously announced repurchase programme.

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 global tobacco and next-generation products company, best known for manufacturing and selling cigarettes and other nicotine products. Listed on the London Stock Exchange, it focuses on developed and selected emerging markets, where it continues to optimise its capital structure and shareholder returns through measures such as share repurchase programmes.

Average Trading Volume: 2,178,761

Technical Sentiment Signal: Buy

Current Market Cap: £24.22B

For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.

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