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The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC has announced the repurchase and cancellation of 203,139 ordinary shares as part of its GBP 1.25 billion share repurchase program, initially detailed in October 2024. This move, facilitated by Morgan Stanley, is in line with the company’s ongoing efforts to optimize its share capital, affecting the number of shares in issue to 836,431,885. This adjustment is significant for shareholders in terms of disclosure obligations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates within the tobacco industry, focusing primarily on the manufacture and sale of cigarettes, cigars, and other tobacco-related products. The company is a key player in the market, often engaging in strategic financial activities such as share repurchase programs to manage its capital structure.
YTD Price Performance: 2.55%
Average Trading Volume: 2,553,129
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.86B
For an in-depth examination of IMB stock, go to TipRanks’ Stock Analysis page.
