Imperial Brands Executes Share Repurchase and Cancellation

Imperial Brands ( (GB:IMB) ) has provided an announcement.

Imperial Brands PLC announced the repurchase and cancellation of 227,851 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 increasing the value of remaining shares and impacting shareholder interests.

More about Imperial Brands

Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of tobacco products, including cigarettes and other nicotine-related products. The company is a major player in the global tobacco market, with a significant presence in various international markets.

YTD Price Performance: 10.78%

Average Trading Volume: 2,579,116

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £22.93B

For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.