IMI plc (GB:IMI) has released an update.
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IMI plc has announced the repurchase of 67,143 of its own shares on July 30, 2024, at an average price of 1,856.74 pence per share, signaling confidence in the company’s financial health. Following the buyback, the company’s total shares in issue stand at 274,985,909, with 13,648,836 shares held in treasury, affecting the total voting rights. The shares were bought through various trading venues including the London Stock Exchange and others, as part of an ongoing share repurchase program.
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