REG - IMI PLC - Share repurchase programme

IMIAnnouncement

23/09/2024 09:30

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RNS Number : 2244F  IMI PLC  23 September 2024

23 September 2024

 

IMI plc

LEI: 2138002W9Q21PF751R30

Share repurchase programme

IMI plc (the Company) announces that, in connection with the share buyback
programme of up to £100 million which it announced on 26 July 2024 (the
Programme), it has now entered into an agreement with J.P. Morgan Securities
plc (JPMS plc) to manage the remainder of the Programme. The purpose of the
Programme is to reduce the share capital of the Company.

Pursuant to the Programme, JPMS plc will purchase shares with a value of up to
£50 million. The maximum number of shares that can be repurchased in
connection with the Programme is 26,146,669 (being the maximum authority
granted by the Company's shareholders at its AGM on 9 May 2024), as reduced by
the Company's share repurchase activity within that authority to date. Shares
purchased pursuant to the Programme will be cancelled. It is expected that
purchases pursuant to the Programme will continue until the end of 2024.

 

Enquiries to:

 

 Fran Burge  IMI  Tel: +44 (0)121 717 3780

 

 

 

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