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Imperial Brands ( (GB:IMB) ) has shared an update.
Imperial Brands PLC has executed a share repurchase program, buying back 465,603 of its ordinary shares at an average price of GBp 2,797.51 per share. This move is part of a GBP 1.25 billion share repurchase initiative announced in October 2024. The cancellation of these shares will reduce the total number of shares in circulation to 832,220,734, impacting shareholder calculations under the Disclosure Guidance and Transparency Rules. This transaction, facilitated by Morgan Stanley, underscores Imperial Brands’ strategic focus on capital allocation and enhancing shareholder value.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the production and sale of cigarettes, cigars, and other tobacco-related products. The company is a major player in the global market, catering to diverse consumer segments and continuously seeking to optimize its market presence.
YTD Price Performance: 10.22%
Average Trading Volume: 2,666,998
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.39B
Learn more about IMB stock on TipRanks’ Stock Analysis page.
