Share repurchase programme

IMI PLC

23 September 2024

IMI plc

LEI: 2138002W9Q21PF751R30

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

Companies

IMI (IMI)

Full Archive

UK 100

Latest directors dealings

All directors dealings today