Imperial Brands Executes Share Repurchase to Enhance Shareholder Value

Imperial Brands ( (GB:IMB) ) has provided an announcement.

Imperial Brands PLC has announced the repurchase and cancellation of 71,081 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 optimize its capital structure and enhance shareholder value. Following this repurchase, the total number of ordinary shares in issue will be reduced to 829,718,373, which may impact shareholder calculations under the Disclosure Guidance and Transparency Rules.

More about Imperial Brands

Imperial Brands PLC is a company operating 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 market presence in various regions and its efforts to manage shareholder value through financial strategies such as share repurchase programs.

YTD Price Performance: 11.66%

Average Trading Volume: 2,500,249

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £23.15B

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