Imperial Brands ( (GB:IMB) ) has issued an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 2,584 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Morgan Stanley, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be 829,997,376. This move is significant for shareholders as it may affect their notification obligations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacturing and sale of tobacco products, including cigarettes and cigars. The company is known for its strong market presence and extensive product portfolio.
YTD Price Performance: 11.34%
Average Trading Volume: 2,611,278
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.09B
See more insights into IMB stock on TipRanks’ Stock Analysis page.