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The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC has executed a share repurchase program, buying back 249,466 of its ordinary shares at an average price of GBp 2,554.09 as part of its GBP 1.25 billion program. This move, facilitated by Morgan Stanley, aims to cancel the repurchased shares to reduce the number of shares in circulation, potentially enhancing shareholder value and adjusting the company’s capital structure.
More about Imperial Brands
Imperial Brands PLC is a major player in the tobacco industry, primarily engaged in the manufacturing and sale of cigarettes, cigars, and other nicotine products. The company focuses on delivering high-quality products to its global customer base while navigating the challenges of regulatory environments and changing consumer preferences.
YTD Price Performance: 52.31%
Average Trading Volume: 2,291,333
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.43B
Learn more about IMB stock on TipRanks’ Stock Analysis page.
