IMI plc (IMI), the specialist engineering group, announced on 6 November 2026 that it purchased 278,500 of its own ordinary shares on 5 November 2026 through Deutsche Bank AG, London Branch, trading as Deutsche Numis, as part of its ongoing share buyback programme. The shares were acquired at a volume weighted average price of 2,869.7283 pence, with all purchased shares to be cancelled rather than held in treasury. Following settlement and cancellation, the company's total voting rights will stand at 234,770,472, a figure investors and index trackers may use as the reference denominator for shareholding calculations.

Key Points

  • IMI plc (IMI) — specialist engineering group listed on the London Stock Exchange
  • 278,500 ordinary shares purchased on 5 November 2026 and designated for cancellation
  • Volume weighted average price of 2,869.7283p; highest price paid 2,902.00p, lowest 2,776.00p
  • Investors should watch for further buyback tranches and updates to total voting rights as the programme continues

IMI Cancels 278,500 Shares Purchased Across Four Trading Venues on 5 November 2026

The announcement states that trades were executed across four venues: the London Stock Exchange, Turquoise, Chi-X, and BATS. The largest portion by volume — 129,000 shares — was transacted on the London Stock Exchange at a weighted average price of 2,806.2056 pence. BATS accounted for 105,000 shares at a weighted average of 2,356.6944 pence, Chi-X for 34,000 shares at 2,427.0819 pence, and Turquoise for 10,500 shares at 2,493.1219 pence. The multi-venue execution is consistent with standard market practice for buyback programmes of this scale, designed to minimise market impact across a full trading day.

IMI Voting Rights Fall to 234,770,472 After Settlement and Share Cancellation

Following settlement and cancellation of the purchased shares, IMI's total ordinary shares in issue will be 246,419,308, the announcement states. 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 in the company will be 234,770,472. This figure is relevant to shareholders, institutional investors, and regulatory bodies, as it forms the basis for calculating proportional voting interests and mandatory disclosure thresholds under UK transparency rules.

Deutsche Numis Executes IMI Buyback Under UK Market Abuse Regulation Article 5 Safe Harbour

The buyback is disclosed in accordance with Article 5(1)(b) of the Market Abuse Regulation as retained in UK law, which provides a safe harbour for companies repurchasing their own shares under defined conditions. Deutsche Bank AG, London Branch — operating under the Deutsche Numis trading name — acted as broker for the programme. A full breakdown of individual trades, including transaction reference numbers, timestamps, and prices, was included in the company's disclosure, meeting the transparency requirements of the UK regulatory framework. Investors may be watching the pace and scale of further tranches as the programme progresses.