IMI plc Continues Share Buyback, Trimming Share Capital and Voting Rights

An announcement from IMI plc ( (GB:IMI) ) is now available.

IMI plc has continued its share buyback activity, repurchasing 105,952 ordinary shares on 16 April 2026 at an average price of 2,846.7273 pence per share through J.P. Morgan Securities, with the shares to be cancelled. Following this transaction, the company’s total shares in issue will fall to 255,133,447, of which 12,648,836 are held in treasury, leaving 242,484,611 voting rights outstanding and marginally enhancing earnings per share and capital return for investors.

The trades were executed on the London Stock Exchange, with a reported volume-weighted average price of £28.47 per share, underscoring IMI’s ongoing use of buybacks as a tool for balance sheet management and shareholder value enhancement. The reduction in free-float equity through cancellation slightly tightens the share capital base, which can improve capital efficiency metrics and signal management confidence in the company’s valuation.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £32.30 price target. To see the full list of analyst forecasts on IMI plc stock, see the GB:IMI Stock Forecast page.

Spark’s Take on IMI Stock

According to Spark, TipRanks’ AI Analyst, IMI is a Outperform.

The score is driven primarily by strong financial performance (rising margins, strong ROE, and improving leverage), offset by weaker near-term technical momentum and a valuation that is not notably cheap given a modest dividend yield.

To see Spark’s full report on IMI stock, click here.

More about IMI plc

IMI plc is a U.K.-listed engineering group that designs and manufactures specialist flow control products and systems for industrial and energy markets worldwide. Its operations focus on precision-engineered valves, actuators, and related technologies used across process, energy, and automation sectors.

Average Trading Volume: 1,295,667

Technical Sentiment Signal: Buy

Current Market Cap: £6.79B

See more insights into IMI stock on TipRanks’ Stock Analysis page.