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Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC, a major player in the tobacco industry, announced the repurchase and cancellation of 88,639 of its ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, facilitated by Morgan Stanley, aimed to reduce the number of shares in circulation, potentially increasing shareholder value. Post-transaction, the total number of shares in issue stands at 836,188,566, which may influence shareholder notification requirements under market regulations.
More about Imperial Brands
YTD Price Performance: 2.78%
Average Trading Volume: 2,510,744
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.9B
For an in-depth examination of IMB stock, go to TipRanks’ Stock Analysis page.
