IMI plc (GB:IMI) has released an update.
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IMI plc recently bought back 145,476 of its ordinary shares for cancellation, with prices ranging from 1,809 to 1,830 pence per share. This transaction, executed through J.P. Morgan Securities plc, reveals a strategic move to consolidate the company’s shares, impacting the total voting rights to 256,176,901. Such buybacks are often seen as a signal of confidence in the company’s valuation and future prospects.
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