Imperial Brands ( (GB:IMB) ) has shared an update.
Imperial Brands PLC announced the repurchase and cancellation of 244,092 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Morgan Stanley on the London Stock Exchange, aims to reduce the number of shares in circulation, potentially increasing shareholder value and affecting the company’s market positioning.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of tobacco products, including cigarettes, cigars, and smokeless tobacco. The company is a major player in the global tobacco market, with a significant presence in various international markets.
YTD Price Performance: 9.86%
Average Trading Volume: 2,573,711
Technical Sentiment Signal: Sell
Current Market Cap: £22.67B
Learn more about IMB stock on TipRanks’ Stock Analysis page.