Imperial Brands (GB:IMB) has released an update.
Imperial Brands PLC has executed a significant share buyback, repurchasing 106,875 of its own shares for cancellation as part of a GBP 1.1 billion repurchase program initiated in October 2023. The transaction, conducted through Barclays on the London Stock Exchange, will reduce the number of ordinary shares in issue to 854,049,950. This move is part of the company’s strategy to return value to shareholders and will affect the shareholding calculations under the Disclosure Guidance and Transparency Rules.
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