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Imperial Brands ( (GB:IMB) ) has issued an announcement.
Imperial Brands PLC announced the repurchase of 118,363 ordinary shares as part of its GBP 1.25 billion share buyback program. This transaction, executed through Morgan Stanley, aims to reduce the number of shares in circulation, potentially increasing shareholder value and maintaining transparency under regulatory guidelines.
More about Imperial Brands
Imperial Brands PLC operates within the tobacco industry and is primarily known for its production and sale of tobacco products and related services. The company focuses on maintaining a strong market presence through strategic financial decisions and shareholder value enhancements.
YTD Price Performance: 2.98%
Average Trading Volume: 2,644,892
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.88B
See more insights into IMB stock on TipRanks’ Stock Analysis page.
