Imperial Brands ( (GB:IMB) ) just unveiled an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 212,461 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Morgan Stanley on the London Stock Exchange, is part of the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 827,817,152, which may impact shareholder calculations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacture and sale of tobacco and related products. The company is known for its diverse portfolio of cigarette brands and has a significant presence in the global market.
YTD Price Performance: 9.34%
Average Trading Volume: 2,615,852
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.92B
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