Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 135,352 of its ordinary shares as part of a GBP 1.25 billion share repurchase program. This transaction, conducted through Morgan Stanley, aims to reduce the number of shares in issue, potentially enhancing shareholder value and adjusting the company’s capital structure.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacture and sale of tobacco and related products. The company is known for its diverse portfolio of cigarette brands and other tobacco products, catering to a global market.
YTD Price Performance: 11.66%
Average Trading Volume: 2,500,249
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.15B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.