The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC has announced the repurchase and cancellation of 158,613 of its 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 enhance shareholder value and optimize its capital structure, reducing the total number of shares in issue to 828,257,464.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the production and sale of cigarettes, cigars, and other tobacco-related products. The company is known for its strong market presence and commitment to shareholder value.
YTD Price Performance: 10.38%
Average Trading Volume: 2,566,991
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.85B
See more insights into IMB stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com