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Prices & Quotes - UK Markets - Imperial Brands (IMB)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,379.00p
Change Today:
18.00p
Market Cap:
13,051m
Sector:
Tobacco

Imperial Brands' premium cigar sale delayed

By Sean Farrell

Date: Monday 28 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Imperial Brands said the sale of its premium cigar business would complete later than expected and that it would lend the buyers up to €250m (227.5m) while they arrange financing.
The FTSE 100 company agreed the €1.23bn sale, comprising two distinct transactions, on 27 April. Gemstone Investment is buying Premium Cigar USA for €185m and Allied Cigar Corporation will acquire Premium Cigar RoW for €1.04bn.

The transaction was due to complete by the end of September. Imperial said the deal was now scheduled to close on 29 October and that it would provide a six-month vendor loan for as much as €250m to Gemstone and Allied Cigar "while the purchasers finalise long-term financing arrangements".

Gemstone and Allied Cigar have made a non-refundable downpayment of €91.7m to Imperial and have agreed to make a further non-refundable payment of about €85m by 7 October.

"All other terms remain in line with the announcement of 27 April," Imperial said. Imperial plans to use the 958m of net proceeds to reduce its debt.

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IMB Market Data

Currency UK Pounds
Price 1,379.00p
Change Today 18.00p
52 Week High 2,045.50p
52 Week Low 1,219.00p
Volume 628,936
Shares Issued 946.41m
Market Cap 13,051m

Performance Indicators

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What The Brokers Say

Strong Buy 15
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IMB Dividends

  Latest Previous
  Final 3rd Interim
Ex-Div 18-Feb-21 26-Nov-20
Paid 31-Mar-21 31-Dec-20
Amount 48.01p 48.00p

Trades for 01-Dec-2020

Time Volume / Share Price
14:32 9 @ 1,379.00p
14:32 406 @ 1,379.00p
14:32 230 @ 1,379.00p
14:32 2,500 @ 1,379.00p
14:31 200 @ 1,379.00p

IMB Key Personnel

CFO Oliver Tant
Chair Therese Esperdy
CEO Stefan Bomhard