IMI plc ( (GB:IMI) ) has issued an announcement.
IMI plc, a company involved in the engineering sector, has announced a share buyback program where it purchased 125,000 of its ordinary shares for cancellation at an average price of 1981.9187 pence per share. This transaction, executed through Numis Securities Limited, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following the cancellation of these shares, IMI’s total number of ordinary shares in issue will be reduced, which may positively impact earnings per share and reflect confidence in the company’s financial health.
More about IMI plc
YTD Price Performance: 8.57%
Average Trading Volume: 669,160
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.05B
Learn more about IMI stock on TipRanks’ Stock Analysis page.
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