Legal Proceedings Report • Mar 9, 2022
Legal Proceedings Report
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information ![]()
RNS Number : 1876E
Imperial Brands PLC
09 March 2022
IMPERIAL BRANDS PLC
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
9 March 2022
UPDATE ON RUSSIA & UKRAINE
Following recent developments, we have today suspended all operations in Russia. This includes halting production at our factory in Volgograd and ceasing all sales and marketing activity.
This decision comes amid a highly challenging environment in Russia as a result of international sanctions and consequential severe disruption. We will be supporting our Russian employees, who continue to be paid while operations are paused.
We have already suspended our operations in Ukraine in order to prioritise the safety and wellbeing of our 600 employees in that country.
Russia and Ukraine are relatively small markets in the context of the Group, in total representing around 2 per cent of net revenues and 0.5 per cent of adjusted operating profit in FY21.
ENDS
| Investor Contacts | Media Contacts | ||
| Peter Durman | +44 (0)7970 328 903 | Jonathan Oliver | +44 (0)7740 096 018 |
| James King Jennifer Ramsey |
+44 (0)7581 052 880 +44 (0)7974 615 739 |
Simon Evans | +44 (0)7967 467 684 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCGZGGFGLFGZZM
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.