Imperial Brands ( (GB:IMB) ) just unveiled an update.
Imperial Brands PLC announced the repurchase and cancellation of 310,611 of its ordinary shares as part of a GBP 1.25 billion share repurchase program. This transaction, conducted through Morgan Stanley on the London Stock Exchange, reduces the total number of ordinary shares in issue to 829,407,762. The move is part of the company’s efforts to enhance shareholder value and optimize its capital structure.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacture and sale of tobacco products and related services. The company is known for its diverse portfolio of cigarette brands and has a significant market presence globally.
YTD Price Performance: 12.82%
Average Trading Volume: 2,605,074
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.39B
See more insights into IMB stock on TipRanks’ Stock Analysis page.