Imperial Brands ( (GB:IMB) ) has shared an update.
Imperial Brands PLC has announced the repurchase and cancellation of 492,346 of its ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Morgan Stanley, reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value. Following this transaction, the total number of shares in issue will be reduced to 830,017,634, which may affect shareholder calculations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of tobacco products. The company is known for its range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.
YTD Price Performance: 7.23%
Average Trading Volume: 2,698,208
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.27B
Learn more about IMB stock on TipRanks’ Stock Analysis page.