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Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC announced the repurchase and subsequent cancellation of 212,519 ordinary shares as part of its GBP 1.25 billion share repurchase programme. The transaction, executed through Morgan Stanley on 12 December 2024, will reduce the total number of shares in circulation to 836,777,905. This move is part of the company’s strategy to enhance shareholder value, impacting ownership calculations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacturing and sale of tobacco products, including cigarettes, cigars, and other smoking-related products. The company is known for its market presence in several countries, offering a wide range of tobacco products to meet diverse consumer preferences.
YTD Price Performance: 54.04%
Average Trading Volume: 2,403,576
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.66B
See more insights into IMB stock on TipRanks’ Stock Analysis page.
