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Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback

Story Highlights
  • Imperial Brands repurchased and will cancel 597,332 shares as part of its £1.45bn buyback, executed via Morgan Stanley.
  • Cancellation of these shares reduces the share count to 789,357,100, slightly boosting existing holdings and updating disclosure thresholds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback

Meet Samuel – Your Personal Investing Prophet

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

Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 597,332 ordinary shares on 23 February 2026 at an average price of 3,264.45 pence per share. The purchase, conducted via Morgan Stanley on the London Stock Exchange, is part of the group’s strategy to return surplus capital to investors and optimise its balance sheet.

The repurchased shares will be cancelled, reducing the total number of ordinary shares in issue to 789,357,100, which in turn marginally increases existing shareholders’ proportional ownership. The new share count also becomes the reference figure for investors assessing disclosure thresholds under U.K. transparency rules, underscoring the transaction’s relevance for institutional holders and market reporting obligations.

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 global tobacco and next-generation products company, best known for manufacturing and selling cigarettes, cigars, rolling tobacco, and vaping products. Listed on the London Stock Exchange, it focuses on mature and regulated markets, where capital returns to shareholders are a key part of its investment proposition.

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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