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An announcement from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 50,549 ordinary shares as part of its GBP 1.25 billion share repurchase programme. Conducted via Morgan Stanley, the transaction aligns with the company’s strategy to enhance shareholder value. Following this purchase, the total number of ordinary shares in issue will decrease to 833,174,705, affecting shareholders’ notification obligations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC is a prominent company in the tobacco industry, primarily engaged in manufacturing and selling tobacco and related products. The company focuses on delivering high-quality tobacco products and maintaining strong market positioning through strategic initiatives.
YTD Price Performance: 8.50%
Average Trading Volume: 2,625,836
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.04B
See more data about IMB stock on TipRanks’ Stock Analysis page.
