Imperial Brands keeps buying back shares — latest £1.45bn repurchase update for IMB stock
Imperial Brands PLC snapped up 160,607 shares on March 4 as part of its ongoing £1.45 billion buyback that kicked off in October. The shares, purchased through Morgan Stanley and set for cancellation, will bring the total number of ordinary shares outstanding down to 787,577,474 once settled, not counting any held in treasury. Incremental buybacks might appear routine on the surface; still, investors are paying close attention to the steady trickle. Every cancellation reduces the total shares, potentially bumping up earnings per share, while making sure cash returns stay in focus between earnings reports.