IMI plc, the FTSE-listed engineering group, has disclosed that it purchased 191,379 of its own ordinary shares on 11 November 2026 through Deutsche Bank AG, London Branch, trading as Deutsche Numis, as part of an ongoing share buyback programme. The shares were acquired at a volume weighted average price of 2,930.0599 pence each and will be cancelled rather than retained in treasury. Following settlement and cancellation, the total number of voting rights in the company will stand at 233,789,566, a figure investors and index trackers may use as the reference denominator for calculating their interests in IMI.

Key Points

  • IMI plc (ticker: IMI), the specialist engineering company
  • 191,379 ordinary shares purchased on 11 November 2026 for cancellation via Deutsche Numis
  • Volume weighted average price of 2,930.0599p; highest price paid 2,948.00p; lowest 2,914.00p
  • Investors should monitor further buyback announcements and the evolving total voting rights figure

IMI Purchases 191,379 Shares Across Four Trading Venues on 11 November 2026

The buyback was executed across four venues on the same trading day. The London Stock Exchange accounted for 73,379 shares at a weighted average of 2,928.73 pence, while BATS (BXE) contributed the largest single-venue block of 70,000 shares at a weighted average of 2,930.65 pence. Chi-X (CXE) provided 37,000 shares at 2,931.16 pence on average, and Turquoise (TRQ) accounted for 11,000 shares at a weighted average of 2,931.51 pence. The spread across multiple venues is consistent with standard market practice for large buyback programmes seeking best execution.

Cancellation Reduces IMI's Shares in Issue to 245,438,402 Ordinary Shares

Once the purchased shares are settled and cancelled, the announcement states that IMI's total ordinary shares in issue will be 245,438,402. The company separately holds 11,648,836 ordinary shares in treasury, which carry no voting rights. As a result, the total number of voting rights attached to IMI's issued share capital will be 233,789,566. This figure is the legally required reference point under UK disclosure rules, and any shareholder whose interest crosses a notifiable threshold relative to this number is obliged to make a transparency notification to IMI and the Financial Conduct Authority.

Deutsche Numis Acts as Sole Broker for IMI's Buyback Programme

Deutsche Bank AG, London Branch — operating under the Deutsche Numis trading name for this programme — executed the transactions on IMI's behalf. The company disclosed the arrangement in accordance with Article 5(1)(b) of the Market Abuse Regulation as retained in UK law following Brexit. A granular, trade-by-trade breakdown covering each individual transaction was included in the announcement, with prices ranging between 2,914.00p and 2,948.00p during the session, and transactions recorded from 08:19 through to 16:23 UK time, illustrating activity spread across the full trading day.

Buyback Activity Reflects IMI's Capital Return Strategy for Shareholders

IMI is an internationally operating precision engineering group whose products serve critical flow control and motion applications across sectors including energy, industrial automation, and life science. Share cancellations of this type reduce the total share count over time, which can enhance earnings per share metrics if profits remain stable or grow. Investors following IMI's capital allocation approach may note that the continuation of the programme signals management's confidence in the balance sheet, though the pace and total size of the buyback programme were not disclosed within this announcement.