IMI plc (IMI), the specialist engineering group, has announced the purchase of 283,527 of its own ordinary shares on 6 November 2026 as part of an ongoing buyback programme. The shares were acquired through Deutsche Bank AG, London Branch, trading as Deutsche Numis, at a volume weighted average price of 2,801.1492 pence per share, with all shares designated for cancellation. Following the transaction, IMI's total voting rights stand at 234,486,945, a figure investors will use as the reference denominator for shareholding disclosures and regulatory notifications.

Key Points

  • IMI plc (IMI) — specialist engineering manufacturer listed on the London Stock Exchange
  • 283,527 ordinary shares purchased on 6 November 2026 and designated for cancellation
  • Volume weighted average price of 2,801.1492p per share; highest price paid was 2,820.00p and lowest was 2,768.00p
  • Investors should monitor further buyback announcements and any change to total voting rights as the programme continues

IMI Executes 283,527-Share Repurchase Through Deutsche Numis Across Four Trading Venues

The buyback was executed across four venues on 6 November 2026: the London Stock Exchange accounted for 130,233 shares at a weighted average of 2,801.5758 pence, while BATS (BXE) contributed 107,294 shares at 2,800.8931 pence. Chi-X (CXE) provided 35,100 shares at 2,800.5417 pence and Turquoise (TRQ) added 10,900 shares at 2,800.5294 pence. The spread of venues reflects standard market practice for large-scale repurchase programmes, allowing IMI to source liquidity efficiently across multiple lit order books whilst remaining compliant with the UK Market Abuse Regulation framework governing such transactions.

Cancellation Reduces IMI's Shares in Issue to 246,135,781 with 234,486,945 Voting Rights

Following settlement and cancellation of the purchased shares, IMI's total ordinary shares in issue will stand at 246,135,781. The company holds 11,648,836 ordinary shares in treasury, which do not carry voting rights, leaving a total of 234,486,945 voting rights in the company. The reduction in shares outstanding through cancellation is a key mechanism by which buyback programmes can support earnings per share over time, though IMI did not provide specific guidance on the expected financial impact of this tranche in the announcement.

IMI's Buyback Conducted Under UK Market Abuse Regulation Article 5 Safe Harbour Provisions

The announcement was made in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law, confirming the transaction falls within the recognised safe harbour for share buyback programmes. Deutsche Bank AG, London Branch, trading as Deutsche Numis, acted as broker for the programme. Individual trade-level data, including transaction reference numbers, prices, timestamps, and venue identifiers, were published in full alongside the announcement, as required by the regulatory disclosure framework applicable to UK-listed companies conducting such programmes.

What the Buyback Programme Means for IMI Shareholders Watching Capital Returns

Share buyback programmes of this nature are typically interpreted by investors as a signal that a company's board considers its shares to represent good value, and that sufficient capital is available to return to shareholders beyond the dividend. IMI is an engineering group that designs and manufactures flow control products serving sectors including industrial automation, life science, and energy. Investors following the company's capital allocation strategy will be watching for further buyback tranches and any updates to the programme's total size or duration, neither of which was disclosed in this particular announcement.