An announcement from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC has announced the repurchase and cancellation of 194,532 of its 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 manage its capital structure and potentially enhance shareholder value. Following this repurchase, the total number of ordinary shares in issue will be reduced to 827,518,113, which may impact shareholder calculations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing primarily on the production and sale of tobacco and related products. The company is known for its diverse range of tobacco brands and has a significant presence in the global market.
YTD Price Performance: 11.26%
Average Trading Volume: 2,552,373
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.01B
See more data about IMB stock on TipRanks’ Stock Analysis page.
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