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Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC announced the repurchase of 225,935 ordinary shares as part of its ongoing GBP 1.25 billion share buyback program, with the transaction carried out on December 10, 2024. This move is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share. The transaction was facilitated by Morgan Stanley & Co. International Plc, adhering to the London Stock Exchange’s regulations, and results in a new share count of 837,117,903 post-cancellation. Shareholders can use this updated figure for mandatory notification calculations under the Disclosure Guidance and Transparency Rules.
More about Imperial Brands
Imperial Brands PLC is a global tobacco company primarily engaged in the manufacturing and marketing of tobacco products, including cigarettes, fine cut tobacco, and cigars. The company operates in various international markets with a focus on delivering tobacco products through a comprehensive portfolio.
YTD Price Performance: 52.61%
Average Trading Volume: 2,350,009
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.47B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.
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