IMI plc (GB:IMI) has released an update.
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IMI plc reported the repurchase of 115,273 of its ordinary shares on September 30, 2024, for cancellation, at a volume weighted average price of 1,844.2481 pence per share. Post-transaction, IMI’s issued share capital consists of 271,755,137 ordinary shares, with the total number of voting rights standing at 258,106,301 after accounting for treasury-held shares. This buyback is part of the company’s effort to manage share capital and potentially increase shareholder value.
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