Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC has repurchased 220,263 of its ordinary shares as part of its GBP 1.25 billion share repurchase program, which was initially announced in October 2024. The shares were bought at an average price of GBp 2,732.26 and will be cancelled, reducing the total number of shares in issue to 825,594,997. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the production and sale of tobacco products and related services. The company is known for its diverse portfolio of cigarette and tobacco brands, catering to a global market.
YTD Price Performance: 9.42%
Average Trading Volume: 2,544,911
Technical Sentiment Signal: Sell
Current Market Cap: £22.58B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.