IMI plc (GB:IMI) has released an update.
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IMI plc has repurchased 147,179 of its own shares at an average price of 1,809.4998 pence per share, reducing its total number of ordinary shares in issue to 269,971,213. The transaction, executed through J.P. Morgan Securities, aims to enhance shareholder value by decreasing the number of voting rights to 256,322,377. This strategic move could potentially influence IMI’s stock performance and attract investor interest.
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