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Imperial Brands ( (GB:IMB) ) has provided an update.
Imperial Brands PLC announced the repurchase and cancellation of 155,848 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Morgan Stanley, aims to optimize the company’s capital structure and potentially enhance shareholder value, with the remaining shares in issue now totaling 833,418,098.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry and primarily focuses on the production and distribution of tobacco products. The company’s market focus includes various regions where it holds a significant presence in the cigarette and tobacco market.
YTD Price Performance: 4.27%
Average Trading Volume: 2,630,277
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.22B
See more insights into IMB stock on TipRanks’ Stock Analysis page.
