IMI plc ( (GB:IMI) ) has issued an update.
IMI plc has announced the repurchase of 125,000 of its ordinary shares for cancellation at an average price of 2015.3959 pence per share. This transaction, conducted through Numis Securities Limited, will reduce the total number of ordinary shares in issue to 269,190,134, with 256,541,298 voting rights remaining. The buyback is part of IMI’s ongoing strategy to manage its capital structure and enhance shareholder value.
More about IMI plc
YTD Price Performance: 12.47%
Average Trading Volume: 682,360
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.21B
For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.