IMI plc ( (GB:IMI) ) just unveiled an announcement.
IMI plc, a company involved in engineering and manufacturing, announced the repurchase and cancellation of 125,000 of its ordinary shares at an average price of 1988.4253 pence per share. This transaction reduces the total number of shares in issue to 269,065,134, with 12,648,836 shares held in treasury, impacting the total voting rights to 256,416,298. The share buyback reflects the company’s ongoing efforts to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.
More about IMI plc
YTD Price Performance: 10.16%
Average Trading Volume: 667,674
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.11B
See more data about IMI stock on TipRanks’ Stock Analysis page.
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