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IMI plc Executes Share Buyback to Optimize Capital Structure

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IMI plc Executes Share Buyback to Optimize Capital Structure

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

IMI plc announced the purchase and cancellation of 100,000 of its own ordinary shares at an average price of 2001.0328 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s strategy to manage its share capital and potentially enhance shareholder value. Following this transaction, the total number of voting rights in the company will be 255,991,298.

More about IMI plc

YTD Price Performance: 9.94%

Average Trading Volume: 635,045

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £5.1B

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

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