IMI plc Confirms Share Buyback and Cancellation

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

IMI plc has announced the repurchase of 142,000 of its own shares on October 10, 2024, at prices ranging from 1,783.0000 to 1,816.0000 pence per share. The buyback leads to a reduction in the total number of outstanding shares and voting rights, with the aim of cancellation of the acquired shares. This move may signal confidence by the company’s management in its financial health and future prospects.

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