Imperial Brands Initiates £1 Billion Stock Buyback Program

Business by 2FIRSTS.ai

Mar.12.2024

Imperial Brands Initiates £1 Billion Stock Buyback Program

Imperial Brands launches second phase of £1 billion buyback plan, aiming to repurchase remaining shares by October.

According to Alliance News, Imperial Brands has initiated the second phase of its £1 billion share buyback program. The company stated that in addition to the £5.5 billion buyback already completed, it will repurchase up to £5.5 billion of shares before the end of October.

In October 2023, Empire Brand Corporation announced its first stock buyback due to the increasing demand for e-cigarettes. However, this decision was made amidst the government's plans to impose taxes on e-cigarettes and increase tobacco taxes starting in October 2026.

Competitor British American Tobacco launched a £2 billion share buyback plan in February 2022, but decided not to continue it last year.

References:

[1] Imperial Brands starts second stage of GBP1 billion buyback

Also Read:

[1] Imperials Brands Stocks Fall Due to UK E-cigarette Tax

[2] Failure of Quebec's E-cigarette Flavor Ban Raises Public Concerns

[3] Controversy Surrounding Ban on Nicotine Flavored Pouches in Canada

[4] Imperial Brand Teams Up with Racing Team for Sponsorship

[5] Imperial Tobacco Invests Billions in Poland's Tarnów-Podgórz Factory

#Imperial Brands #Brands

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Malaysian state of Selangor proposes sharing e-cigarette tax revenue with federal government for local enforcement agencies

Selangor, Malaysia proposes federal government share e-cigarette tax revenues for local enforcement, suggesting collaboration for better regulation.

Oct.13 by 2FIRSTS.ai

Hounslow Crackdown Seizes £33,000 of Illegal Vapes and Combustible Cigarettes

Hounslow Council’s Trading Standards team, working with Metropolitan Police units, conducted test purchases across the borough and found seven premises selling illegal tobacco. Subsequent raids at 16 premises in Chiswick, Feltham and Hounslow High Street seized 4,859 illegal vapes (≈£30,000), 3,806 combustible cigarettes (≈£3,000), 16kg of shisha and 11kg of chewing tobacco. Offences included oversized tanks, over-strength nicotine, and unregistered products.

Oct.22 by 2FIRSTS.ai

Malaysia CID Endorses Nationwide Vape Ban Amid Rising Drug-Laced Vape Cases

Malaysia’s Federal Criminal Investigation Department (CID) has voiced support for a nationwide ban on vaping, particularly targeting drug-laced vape devices, to address rising abuse cases.

Oct.23 by 2FIRSTS.ai

Japan Tobacco Announces Executive Leadership Changes Effective in 2026

Japan Tobacco Inc. (JT) has announced a series of executive and board appointments effective from 2026, including the nomination of Takehiko Tsutsui—currently Executive Vice President at JT International—as President, CEO and Representative Director.