Return of Cash Update

RNS Number : 1227E

IMI PLC

07 April 2014

 

7 April 2014

IMI plc announces the redemption of B Shares issued pursuant to the Deferred Capital Option relating to its Return of Cash

IMI plc ("IMI" or the "Company") today announces that all the outstanding B Shares issued pursuant to the Deferred Capital Option (being 5,475,074 B Shares) are to be redeemed for 200 pence per B Share with immediate effect.

It is expected that Shareholders entitled to receive payments in respect of the proceeds of the redemption of the B Shares issued pursuant to the Deferred Capital Option will be sent cheques or, if such Shareholders held their Existing Ordinary Shares in CREST, will have their CREST accounts credited on or around 15 April 2014.

All B Shares issued pursuant to the Deferred Capital Option and redeemed will be cancelled. Following such redemption and cancellation, no B Shares will remain in issue.

Terms used in this announcement but which are not otherwise defined shall have the same meanings as set out in the circular published by the Company on 21 January 2014 in relation to the Return of Cash.

Enquiries to:

Will Shaw                                IMI                                                        Tel:      [phone]

Suzanne Bartch                      StockWell Communications               Tel:      [phone]

Robert Morgan

Edmund Byers                        J.P. Morgan Cazenove                       Tel:      [phone]

James Thomlinson

Andrew Seaton                       Citi                                                       Tel:      [phone]

Christopher Wren

Ends

 

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