Imperial Brands ( (GB:IMB) ) has provided an update.
Imperial Brands PLC announced the repurchase and cancellation of 108,708 of its ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, conducted through Morgan Stanley on the London Stock Exchange, reduces the total number of shares in issue to 828,416,077. The 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, primarily focusing on the manufacturing and sale of cigarettes, cigars, and other tobacco-related products. The company is known for its global market presence and commitment to reducing harm through the development of next-generation products.
YTD Price Performance: 11.06%
Average Trading Volume: 2,599,236
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.99B
Learn more about IMB stock on TipRanks’ Stock Analysis page.