Imperial Brands ( (GB:IMB) ) has provided an update.
Imperial Brands PLC announced the repurchase and cancellation of 4,052 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Morgan Stanley on the London Stock Exchange, aims to reduce the number of shares in circulation, potentially enhancing shareholder value. Following this buyback, the total number of ordinary shares in issue will be 825,346,853, which shareholders can use to assess their interests under relevant disclosure regulations.
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 known for its market presence in various international regions, offering a range of tobacco brands to cater to diverse consumer preferences.
YTD Price Performance: 12.74%
Average Trading Volume: 2,409,619
Technical Sentiment Signal: Strong Sell
Current Market Cap: £23.67B
For an in-depth examination of IMB stock, go to TipRanks’ Stock Analysis page.