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Imperial Brands ( (GB:IMB) ) has provided an announcement.
Imperial Brands PLC has executed a share repurchase, acquiring 154,680 of its ordinary shares for cancellation as part of a GBP 1.25 billion buyback program. This transaction, facilitated by Morgan Stanley on the London Stock Exchange, is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting the number of shares outstanding and influencing shareholder calculations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates within the tobacco industry, focusing primarily on the production and sale of cigarettes, cigars, and other tobacco products. The company is a prominent player in its market, catering to a global customer base and adjusting to evolving regulatory and consumer trends.
YTD Price Performance: 2.12%
Average Trading Volume: 2,528,167
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.86B
Learn more about IMB stock on TipRanks’ Stock Analysis page.
