IMI plc ( (GB:IMI) ) has issued an update.
IMI plc, a company involved in the engineering sector, announced the repurchase and cancellation of 100,000 of its own ordinary shares at an average price of 2035.0126 pence per share. This transaction reduces the total number of shares in issue to 269,540,134, with 13,648,836 shares held in treasury, impacting the total voting rights to 255,891,298. This move is part of IMI’s strategy to manage its capital structure and potentially enhance shareholder value.
More about IMI plc
YTD Price Performance: 7.96%
Average Trading Volume: 678,363
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.01B
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.