IMI plc (IMI), the Birmingham-headquartered precision engineering group, announced on 10 November 2026 that it purchased 227,000 of its own ordinary shares on 9 November 2026 through Deutsche Bank AG, London Branch, trading as Deutsche Numis, for cancellation. The volume weighted average price paid was 2,848.5536 pence per share, with individual trades ranging from a low of 2,812.00p to a high of 2,876.00p. Following settlement and cancellation, IMI's total voting rights will stand at 234,259,945, a figure investors and index trackers will note as the new reference point for calculating significant shareholdings.

Key Points

  • IMI plc (ticker: IMI), precision engineering group listed on the London Stock Exchange
  • 227,000 ordinary shares purchased on 9 November 2026 and designated for cancellation
  • Volume weighted average price: 2,848.5536p; price range 2,812.00p–2,876.00p; total shares in issue post-cancellation: 245,908,781
  • Investors should watch for further buyback tranches and any update to the total programme size or end date

IMI Purchases 227,000 Shares Across Four Trading Venues via Deutsche Numis

The 227,000 shares were acquired across four execution venues on 9 November 2026: the London Stock Exchange accounted for 120,000 shares at a weighted average of 2,840.8589p, while BATS (BXE) took 60,000 shares at 2,855.5351p, Chi-X (CXE) contributed 36,000 shares at 2,859.465944p, and Turquoise (TRQ) added 11,000 shares at 2,858.701818p. The use of multiple venues is consistent with standard market practice for minimising market impact during buyback programmes and reflects IMI's compliance with Article 5(1)(b) of the Market Abuse Regulation as retained in UK law.

IMI's Post-Cancellation Share Count and Voting Rights Following the 9 November Transaction

Following settlement and cancellation of the 227,000 shares purchased on 9 November 2026, IMI's total ordinary shares in issue will be 245,908,781. The company currently holds 11,648,836 shares in treasury, which do not carry voting rights, leaving a total of 234,259,945 voting rights in the company. This figure is the benchmark that shareholders and regulatory filings must reference when calculating whether notification thresholds under the UK's Disclosure Guidance and Transparency Rules have been triggered.

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

Deutsche Bank AG, London Branch — operating under the Deutsche Numis trading name for this purpose — executed the full programme tranche on IMI's behalf. Individual trade sizes on 9 November ranged from single-digit share lots to blocks of 40,000 shares, executed throughout the trading day between 08:11 and 16:24 UK time. This granular execution pattern is typical of structured buyback programmes designed to track market prices closely. The announcement does not disclose the total size or duration of the broader repurchase programme, nor the aggregate expenditure to date.

What the Buyback Signals for IMI Shareholders Monitoring Capital Returns

Share cancellation programmes reduce a company's outstanding share count, which can enhance earnings per share metrics over time, all else being equal. IMI is an engineering group specialising in flow control products serving sectors including industrial automation, life sciences, and energy. The ongoing buyback suggests the board continues to view capital returns via share cancellation as an appropriate use of cash. Investors monitoring the pace of the programme should note that the announcement does not provide forward guidance on future purchase volumes or any remaining authority under the buyback mandate.