Imperial Brands (GB:IMB) has released an update.
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Imperial Brands PLC has repurchased and canceled 212,791 of its own shares as part of a GBP 1.25 billion share repurchase program. The shares were bought at an average price of GBp 2,574.26, reducing the total shares in issue to 837,343,838. This move is likely aimed at boosting shareholder value by reducing the supply of shares and potentially increasing earnings per share.
For further insights into GB:IMB stock, check out TipRanks’ Stock Analysis page.
