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Imperial Brands ( (GB:IMB) ) just unveiled an update.
Imperial Brands PLC has repurchased 18,569 of its ordinary shares at an average price of GBp 2,745.86 as part of its GBP 1.25 billion share buyback program. This transaction, executed through Morgan Stanley, will reduce the total number of outstanding shares, potentially enhancing shareholder value and impacting market calculations related to the company’s shareholding structure.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the production and sale of tobacco products and related services. The company engages in a variety of market segments, aiming to maintain a strong presence across global markets.
YTD Price Performance: 7.36%
Average Trading Volume: 2,612,424
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.81B
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.
