Imperial Brands ( (GB:IMB) ) has issued an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 399,756 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Morgan Stanley on the London Stock Exchange, reduces the total number of shares in issue to 826,443,118. The move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of tobacco products, including cigarettes and cigars. The company is a prominent player in the global market, catering to a wide range of consumers with its diverse product offerings.
YTD Price Performance: 9.22%
Average Trading Volume: 2,479,260
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.67B
For an in-depth examination of IMB stock, go to TipRanks’ Stock Analysis page.