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IMI plc Conducts Major Share Buyback

IMI plc Conducts Major Share Buyback

IMI plc (GB:IMI) has released an update.

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IMI plc has reported the repurchase of 85,660 of its own ordinary shares on August 23, 2024, for cancellation, at prices ranging between 1,817.00 and 1,839.00 pence per share, with a volume-weighted average price of 1,829.51 pence. After these transactions, IMI’s total number of shares in issue will be reduced to 273,952,733, while the total voting rights will decrease to 260,303,897 as the treasury holds 13,648,836 shares. The operation was executed through Merrill Lynch International across various trading venues.

For further insights into GB:IMI stock, check out TipRanks’ Stock Analysis page.

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