Imperial Brands (GB:IMB) has released an update.
Imperial Brands PLC has reported the buyback of 310,853 of its own shares on June 28, 2024, as part of its GBP 1.1 billion share repurchase program, signaling a move to enhance shareholder value. The transaction was conducted with Barclays Capital Securities Limited at an average price of GBp 2,024.145800 per share, with the shares to be cancelled, reducing the total number of shares in issue. This repurchase reflects the company’s ongoing strategy and provides a new denominator of 856,613,182 ordinary shares for shareholder calculations.
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