Imperial Brands PLC SALE OF OTHER TOBACCO PRODUCTS IN USA (2208I)
March 20 2018 - 3:00AM
UK Regulatory
TIDMIMB
RNS Number : 2208I
Imperial Brands PLC
20 March 2018
IMPERIAL BRANDS PLC
20 March 2018
SALE OF OTHER TOBACCO PRODUCTS IN USA
Imperial Brands announces the disposal of a range of other
tobacco products including roll your own brands, tubes, tips,
cigarette papers and other accessories in the USA. This disposal
simplifies our portfolio in the USA, enabling us to further sharpen
our focus on driving revenue growth in the USA from our core US
tobacco brands and next generation products.
Chief Executive, Alison Cooper, commented:
"We are clear on our strategic priorities and focus for growth
and are proactively actioning capital reallocation opportunities to
generate additional shareholder value. The disposal of our US OTP
business is an example arising from the ongoing review of our
assets.
"In next generation products, we are focused on delivering an
exceptional consumer experience and we are investing behind an
exciting innovation pipeline. Our product and market launch
programmes are on track with the recent launches of myblu in the
USA and the UK, with additional markets coming on stream in the
next few months. In tobacco, our investment focus continues to
deliver share gains in our Growth Brands and priority markets."
ENDS
Notes: The profit on disposal was already assumed in the
'non-operating income' referred to in our AGM update of 7 February
2018.
.
Investor Contacts Media Contacts
+44 (0)7970 +44 (0)7967
Peter Durman 328 903 Alex Parsons 467 241
+44 (0)117 +44 (0)7967
Matt Sharff 933 7396 Simon Evans 467 684
+44 (0)117
Mat Slade 332 2504
Cautionary Statement
Certain statements in this announcement constitute or may
constitute forward-looking statements. Any statement in this
announcement that is not a statement of historical fact including,
without limitation, those regarding the Company's future
expectations, operations, financial performance, financial
condition and business is or may be a forward-looking statement.
Such forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from those projected or implied in any forward-looking statement.
These risks and uncertainties include, among other factors,
changing economic, financial, business or other market conditions.
These and other factors could adversely affect the outcome and
financial effects of the plans and events described in this
announcement. As a result, you are cautioned not to place any
reliance on such forward-looking statements. The forward-looking
statements reflect knowledge and information available at the date
of this announcement and the Company undertakes no obligation to
update its view of such risks and uncertainties or to update the
forward-looking statements contained herein. Nothing in this
announcement should be construed as a profit forecast or profit
estimate and no statement in this announcement should be
interpreted to mean that the future earnings per share of the
Company for current or future financial years will necessarily
match or exceed the historical or published earnings per share of
the Company. This announcement has been prepared for, and only for
the members of the Company, as a body, and no other persons. The
Company, its Directors, employees, agents or advisers do not accept
or assume responsibility to any other person to whom this
announcement is shown or into whose hands it may come and any such
responsibility or liability is expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGLGDXGXDBGIG
(END) Dow Jones Newswires
March 20, 2018 03:00 ET (07:00 GMT)
Imperial Brands (LSE:IMB)
Historical Stock Chart
From May 2024 to Jun 2024
Imperial Brands (LSE:IMB)
Historical Stock Chart
From Jun 2023 to Jun 2024