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The latest announcement is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 368,531 of its ordinary shares as part of a GBP 1.25 billion share repurchase program. This transaction, executed through Morgan Stanley, is aimed at reducing the number of shares in circulation to 838,438,793, potentially impacting shareholder calculations and market dynamics.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing primarily on the manufacture and sale of tobacco products and related services. The company is known for its diverse range of products in the global tobacco market.
YTD Price Performance: 51.30%
Average Trading Volume: 2,373,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.32B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.
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