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The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 207,071 ordinary shares valued at approximately 2,559.34 GBp each, as part of its GBP 1.25 billion share repurchase program. This action, executed via Morgan Stanley on the London Stock Exchange, reduces the company’s total outstanding shares to 838,044,235, which may affect shareholder calculations under regulatory guidelines.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of cigarettes, cigars, and other tobacco-related products. The company is also engaged in the next-generation product sector, aiming to reduce harm associated with smoking through alternative products. It serves a global market with a strategic emphasis on strengthening its market position through various financial and business initiatives.
YTD Price Performance: 52.79%
Average Trading Volume: 2,321,245
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.52B
See more data about IMB stock on TipRanks’ Stock Analysis page.
