Imperial Brands PLC Transaction in Own Shares (4238W)
14 November 2017 - 7:52PM
UK Regulatory
TIDMIMB
RNS Number : 4238W
Imperial Brands PLC
14 November 2017
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION IN WHICH IT
WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE
END OF THIS ANNOUNCEMENT.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED BY THE MARKET ABUSE
REGULATION (EU) 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
RECOMMENCEMENT OF SHARE BUY-BACK PROGRAMME
14 November 2017
Further to the announcement made on 6 September 2017 in which it
announced a share buy-back of up to GBP160m, up to a maximum of
4,984,423 shares (the "Share Buy-Back"), financed by its recent
sale of shares in Compañía De Distribución Integral Logista
Holdings, S.A.U., Imperial Brands PLC ("Imperial Brands") today
announces that it has recommenced the balance of the Share
Buy-Back. A total of GBP125.4m has already been used to buy back
3,860,000 ordinary shares in the capital of Imperial Brands.
Consequently, Imperial Brands intends to use up to a further
GBP34.6m to repurchase a maximum of 1,124,423 ordinary shares in
its capital. The Share Buy-Back is being managed by Credit Suisse
on a discretionary basis.
The Share Buy-Back has recommenced and is expected to be
completed by 30 March 2018. The purpose of the Share Buy-Back is to
reduce the capital of Imperial Brands; purchased shares will be
cancelled.
Any purchases of ordinary shares by Imperial Brands in relation
to this announcement will be carried out on the London Stock
Exchange and will be effected within certain pre-set parameters and
in accordance with (and subject to the limits prescribed by)
Imperial Brands' general authority to purchase shares granted by
its shareholders at its 2017 Annual General Meeting held on 1
February 2017. The Share Buy-back will also be conducted within the
parameters prescribed by the Market Abuse Regulation (EU) 596/2014
("MAR"), the Commission Delegated Regulation (EU) 2016/1052 and
Chapter 12 of the Listing Rules.
Enquiries:
Imperial Brands Investor Relations
Peter Durman +44 (0) 7970 328 903
Mat Slade +44 (0) 7811 974 438
Imperial Brands Press Enquiries
Alex Parsons +44 (0) 7967 467 241
Simon Evans +44 (0) 117 933 7375
This information is provided by RNS
The company news service from the London Stock Exchange
END
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