Imperial Brands ( (GB:IMB) ) has provided an announcement.
Imperial Brands PLC announced the repurchase of 104,507 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. The shares were bought at an average price of GBp 2,775.42 and will be cancelled, reducing the total number of shares in issue to 827,712,645. 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 is a company operating in the tobacco industry, primarily focusing on the manufacture and sale of tobacco products and related services. The company is known for its range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.
YTD Price Performance: 11.38%
Average Trading Volume: 2,592,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.62B
See more data about IMB stock on TipRanks’ Stock Analysis page.