Transaction in Own Shares

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NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION IN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 £160m, 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 £125.4m 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 £34.6m 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                                                   [phone]

Mat Slade                                                        [phone]

Imperial Brands Press Enquiries                                   

Alex Parsons                                                    [phone]

Simon Evans                                                     [phone]

 

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