Imperial Brands Embarks on Share Repurchasing Spree, Cancelling Hundreds of Thousands of Ordinary Shares

Imperial Brands PLC, one of the titans of the tobacco industry, has disrupted the market with an ambitious undertaking of repurchasing its own shares. Two transactions in May 2025 saw the cancellation of a staggering 450,000 ordinary shares, effectively revising the company’s shareholder structure.

On May 2nd, 240,000 ordinary shares were repurchased, each priced at around GBP 3,080.6874 on average. These shares were subsequently cancelled. The company repeated the process on May 9th, repurchasing 210,000 shares at an average price of GBP 3,041.7971.

These transactions formed part of Imperial Brands’ ambitious £1.25 billion share repurchase programme, announced back in October 2024. All the shares were purchased from Barclays Capital Securities Limited and are set to be cancelled, in accordance with procedures within the London Stock Exchange.

Imperial Brands’ daring buyback and cancellation scheme has the market buzzing. Investors, industry insiders, and the financial community at large will be closely monitoring any further actions within one of the FTSE 100’s most stable constituents.