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IMI plc ( (GB:IMI) ) has shared an announcement.
IMI plc, a company involved in the engineering sector, announced the repurchase and cancellation of 125,000 of its ordinary shares at an average price of 1886.1842 pence per share. This transaction, executed through Numis Securities Limited, reduces the total number of shares in issue to 267,471,793, with 12,648,836 shares held in treasury, impacting the total voting rights to 254,822,957. The repurchase is part of IMI’s ongoing strategy to manage its capital structure and enhance shareholder value.
More about IMI plc
YTD Price Performance: 5.00%
Average Trading Volume: 667,177
Technical Sentiment Signal: Sell
Current Market Cap: £4.86B
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.