IN BRIEF: Imperial Brands starts second stage of GBP1 billion buyback

Mon, 11th Mar 2024 08:38

Imperial Brands - Bristol-based tobacco company - Launches second tranche of ongoing programme, announced in early October, to repurchase up to GBP1.1 billion of shares. Says it will repurchase up to GBP550 million of shares for this tranche, starting on Monday and ending no later than October 29. All shares repurchased will be cancelled. First buyback tranche, commenced on October 6, also was worth GBP550 million.

Current stock price: 1,741.50 pence, up 2.9%

12-month change: down 9.3%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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