IMI plc, the specialist engineering group listed on the London Stock Exchange, announced on 3 November 2026 that it purchased 225,500 of its own ordinary shares on 2 November 2026 through Deutsche Bank AG, London Branch, trading as Deutsche Numis, at a volume weighted average price of 2,907.0915 pence per share. The shares were acquired for cancellation as part of the company's ongoing buyback programme, reducing the total number of voting rights in IMI to 235,546,174. Investors tracking capital return activity at IMI may watch this transaction as part of the broader programme's progress.

Key Points

  • IMI plc (IMI) — specialist engineering group listed in London
  • 225,500 ordinary shares purchased on 2 November 2026 and designated for cancellation
  • Volume weighted average price of 2,907.0915p; highest price paid was 2,932.00p, lowest 2,876.00p
  • Investors may monitor further buyback announcements as the programme continues

IMI Cancels 225,500 Shares via Deutsche Numis Across Four Trading Venues

According to the company's announcement, the 225,500 shares were purchased across four venues: the London Stock Exchange (100,000 shares at a weighted average of 2,906.8555p), Turquoise (9,500 shares at 2,906.3838p), Chi-X (31,000 shares at 2,906.0883p), and BATS (85,000 shares at 2,907.8141p). Deutsche Bank AG, London Branch, acting as Deutsche Numis, executed the trades on IMI's behalf in accordance with Article 5(1)(b) of the Market Abuse Regulation as incorporated into UK law. The breadth of execution venues reflects standard practice for large-scale buyback programmes seeking best execution across fragmented UK equity markets.

IMI's Voting Rights and Shares in Issue Following Settlement and Cancellation

Following settlement and cancellation of the purchased shares, the announcement states that IMI's total number of ordinary shares in issue will stand at 247,195,010. The company holds 11,648,836 ordinary shares in treasury, which are excluded from voting rights calculations. As a result, the total number of voting rights in the company will be 235,546,174. This reduction in the voting share count is a direct consequence of the cancellation policy applied to shares purchased under the programme, and the updated figure serves as the denominator for shareholders calculating percentage interests in IMI.

Intraday Price Range of 2,876p to 2,932p Across the Full Trading Session

The detailed transaction log disclosed in the announcement shows that individual trades were executed from 08:09 UK time through to mid-afternoon, with prices ranging from a session low of 2,876.00p to a session high of 2,932.00p per share. The majority of trades were concentrated on the London Stock Exchange and BATS venues, with smaller tranches placed on Turquoise and Chi-X. This granular disclosure is required under UK Market Abuse Regulation and provides a complete record of each individual transaction carried out by Deutsche Numis on the company's behalf throughout the session.