Imperial Brands (GB:IMB) has released an update.
Imperial Brands PLC has launched a share buyback program, aiming to repurchase up to £625 million worth of shares as part of its broader £1.25 billion commitment over the next year. This initiative, set to run until April 2025, is designed to reduce the company’s capital base and enhance shareholder returns. The buyback will be executed by Morgan Stanley through open market transactions, adhering to regulatory guidelines.
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