IMI plc (GB:IMI) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
On September 11, 2024, IMI plc purchased 87,755 of its own ordinary shares for cancellation, averaging a purchase price of 1,785.22 pence per share. The transaction, executed through Merrill Lynch International, will result in a reduced total number of ordinary shares in issue to 273,000,428 and a total number of voting rights of 259,351,592. This buyback marks a significant move in IMI’s share capital management strategy.
For further insights into GB:IMI stock, check out TipRanks’ Stock Analysis page.