IMI plc (GB:IMI) has released an update.
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IMI plc has reported the purchase of 72,233 of its ordinary shares for cancellation on September 18, 2024, at a volume weighted average price of 1,830.09p per share. The acquisition was executed through Merrill Lynch International across various trading venues, resulting in a post-transaction total of 258,880,829 voting rights. The repurchase is part of the company’s effort to reduce the number of shares in issue, subsequently increasing shareholder value.
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