Imperial Brands (GB:IMB) has released an update.
Imperial Brands PLC has repurchased 160,000 of its own shares as part of a £1.1 billion buyback program, paying an average price of GBp 2,326.13 per share. The repurchase, conducted through Barclays Capital Securities, will see the shares cancelled, reducing the total number of outstanding shares to approximately 844.1 million. This move is part of Imperial Brands’ ongoing strategy to enhance shareholder value.
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