Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Imperial Brands ( (GB:IMB) ) has shared an update.
Imperial Brands PLC announced the repurchase and cancellation of 430,750 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted with Morgan Stanley, reflects the company’s ongoing efforts to optimize its capital structure and enhance shareholder value. Following this transaction, the total number of ordinary shares in issue is reduced to 835,114,416, which may impact shareholders’ calculations of their interests in the company.
More about Imperial Brands
Imperial Brands PLC is a company operating in the tobacco industry, primarily focused on the production and sale of tobacco products, including cigarettes, cigars, and other nicotine-related products. The company is known for its comprehensive portfolio of tobacco brands and has a significant market presence globally.
YTD Price Performance: 1.02%
Average Trading Volume: 2,590,127
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.77B
See more insights into IMB stock on TipRanks’ Stock Analysis page.
