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Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC announced the repurchase and cancellation of 612,071 ordinary shares as part of its GBP 1.25 billion share buyback program. This transaction, conducted at an average price of GBp 2,717.34 per share, aims to reduce the total number of shares in circulation, potentially increasing the value of remaining shares and demonstrating the company’s commitment to returning value to shareholders.
More about Imperial Brands
Imperial Brands PLC is a major player in the tobacco industry, primarily focusing on the manufacture and sale of cigarettes, cigars, and other tobacco-related products. The company operates globally, with a strong market presence in several countries and a strategic focus on developing reduced-risk products.
YTD Price Performance: 7.36%
Average Trading Volume: 2,637,019
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.75B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.
