An announcement from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 17,674 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 potentially enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be 829,999,960, which stakeholders can use for regulatory purposes.
More about Imperial Brands
Imperial Brands PLC is a major player in the tobacco industry, primarily engaged in the manufacturing and marketing of cigarettes, cigars, and other tobacco-related products. The company focuses on delivering high-quality products to a global market, maintaining a strong presence in the industry.
YTD Price Performance: 9.58%
Average Trading Volume: 2,613,812
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.72B
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.