IMI plc ( (GB:IMI) ) has issued an update.
IMI plc, a company involved in the engineering sector, announced the repurchase of 50,626 of its own ordinary shares for cancellation at an average price of 2007.3695 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s ongoing strategy to manage its share capital and potentially enhance shareholder value by reducing the number of shares in circulation. The completion of this buyback reduces the total number of shares in issue to 268,551,783, with 255,902,947 voting rights remaining.
More about IMI plc
YTD Price Performance: 8.68%
Average Trading Volume: 657,807
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.04B
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