Imperial Brands ( (GB:IMB) ) just unveiled an update.
Imperial Brands PLC has announced the repurchase and cancellation of 72,570 of its ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Morgan Stanley, is part of the company’s ongoing efforts to optimize its capital structure and enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 829,924,806, which may impact shareholders’ notification obligations 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 cigarettes, cigars, and other tobacco-related products. The company is known for its global market presence and commitment to delivering shareholder value through strategic initiatives such as share repurchase programs.
YTD Price Performance: 11.30%
Average Trading Volume: 2,606,536
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.08B
See more data about IMB stock on TipRanks’ Stock Analysis page.