IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc, a company involved in the engineering sector, announced the repurchase and cancellation of 125,000 of its ordinary shares at an average price of 1967.76 pence per share. This transaction, executed through Numis Securities Limited, reduces the total number of shares in issue to 267,944,129, with 12,648,836 shares held in treasury. The move is part of IMI’s ongoing efforts to optimize its capital structure and enhance shareholder value.
More about IMI plc
YTD Price Performance: 7.25%
Average Trading Volume: 656,332
Technical Sentiment Signal: Sell
Current Market Cap: £5B
Learn more about IMI stock on TipRanks’ Stock Analysis page.