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

Great Wall Cigar explores global industrial cooperation via embassy visits in Beijing

A delegation from the Great Wall Cigar Factory of China Tobacco Sichuan Industrial Co., Ltd. recently visited the embassies of Cuba, Morocco, and Indonesia in Beijing to explore opportunities for industrial cooperation and trade expansion.

Dec.08

Russian State Duma Passes Ban on Tobacco and Vape Sales at Public Transport Stops

Russia’s State Duma has approved, in its third reading, a law banning the sale of cigarettes and electronic cigarettes at public transport stops. The measure expands existing restrictions on tobacco sales at transport infrastructure facilities and aims to reduce accessibility, particularly among young people. The law includes an exemption for small settlements where such kiosks are the only sales points and will take effect on September 1, 2026.

Dec.18 by 2FIRSTS.ai

Smoore International Donates $5 Million Hong Kong Dollars to Big Fire Disaster Area for Medical Aid and Relief

Smoore International donates HK$5 million to aid Big Bay fire victims, marking its first charity donation in 2025.

Nov.28 by 2FIRSTS.ai

Al Fakher Partners with U.S. Rapper Snoop Dogg to Launch New Hookah Flavors

According to Business Wire, AIR Limited has partnered with Snoop Dogg to develop new hookah flavors for its flagship brand Al Fakher. The products will be released on November 3, 2025, across international and German online platforms, expanding the brand’s flavor portfolio.