IMI plc ( (GB:IMI) ) has shared an announcement.
IMI plc has announced a share buyback program valued at up to £200 million, set to run from February 28, 2025, to September 30, 2025. The initiative aims to reduce the company’s capital by repurchasing and cancelling shares, with the first £100 million tranche managed by Numis Securities Limited. This move aligns with the company’s strategic financial management and regulatory compliance, potentially impacting shareholder value and market perception.
More about IMI plc
IMI plc is a company operating in the engineering sector, focusing on the production and distribution of fluid control systems and other related products. It serves various industries, including energy, transportation, and industrial automation, with a market focus on enhancing operational efficiency and sustainability.
YTD Price Performance: 3.90%
Average Trading Volume: 601,455
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £4.82B
See more insights into IMI stock on TipRanks’ Stock Analysis page.