IMI plc ( (GB:IMI) ) just unveiled an announcement.
IMI plc announced the repurchase of 125,000 of its ordinary shares for cancellation at an average price of 1915.928 pence per share. This transaction reduces the total number of ordinary shares in issue to 267,596,793 and the total number of voting rights to 254,947,957, potentially enhancing shareholder value by decreasing the number of shares outstanding.
More about IMI plc
YTD Price Performance: 5.00%
Average Trading Volume: 667,177
Technical Sentiment Signal: Sell
Current Market Cap: £4.86B
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.