Imperial Brands (GB:IMB) has released an update.
Imperial Brands PLC has announced the repurchase and cancellation of 170,000 of its own shares as part of its ongoing £1.1 billion share buyback program. The shares were bought at an average price of 2,295.73 GBp each through Barclays Capital Securities, and this move reduces the total number of shares in issue to 844,273,851. This strategic reduction in share count can potentially enhance shareholder value and reflects the company’s commitment to returning capital to investors.
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