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Imperial Brands ( (GB:IMB) ) has shared an update.
Imperial Brands PLC has announced the repurchase and cancellation of 189,621 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, facilitated by Morgan Stanley, reflects the company’s ongoing strategy to manage its capital structure and return value to shareholders. Following this transaction, the total number of ordinary shares in issue will be adjusted to 834,109,525, which will be used as a new denominator for shareholder notifications under regulatory guidelines.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing primarily on the manufacturing and distribution of tobacco products, including cigarettes, cigars, and smokeless tobacco. The company is known for its strong market presence and extensive portfolio of brands across various regions.
YTD Price Performance: 2.04%
Average Trading Volume: 2,614,941
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.69B
See more insights into IMB stock on TipRanks’ Stock Analysis page.
