Imperial Brands (UK) (GB:IMB) has released an update.
Imperial Brands PLC, a prominent UK-based tobacco company, has announced the buyback and cancellation of 177,693 of its own shares on April 17, 2024, as part of its GBP 1.1 billion share repurchase program initiated last year. The transaction was facilitated through Barclays and falls in line with the company’s strategy to reduce the number of shares in issue, which will stand at 864,268,828 post cancellation. This action is part of ongoing efforts to deliver value to its shareholders and will affect the denominator for shareholder notifications.
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