Imperial Brands ( (GB:IMB) ) has issued an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 20,413 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Morgan Stanley on the London Stock Exchange, will reduce the total number of shares in issue to 825,326,440, potentially impacting shareholder calculations under regulatory guidelines.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacture and sale of tobacco products. The company is known for its wide range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.
YTD Price Performance: 15.85%
Average Trading Volume: 2,412,402
Technical Sentiment Signal: Strong Sell
Current Market Cap: £23.89B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.