IMI plc announces the cancellation of 14,598,706 ordinary shares held in treasury
IMI plc ("IMI") today announces the cancellation of 14,598,706 ordinary shares held in treasury in accordance with the provisions of section 729 of the Companies Act 2006.
IMI discloses the following details in relation to such cancellation pursuant to Listing Rule 12.6.4 and Disclosure and Transparency Rules 5.5 and 5.6:
Date of cancellation
16 January 2014
Type of shares cancelled
Ordinary shares of 25 pence each
Number of ordinary shares cancelled
14,598,706
Total number of ordinary shares held in treasury by IMI following the cancellation
16,284,389 ordinary shares of 25 pence each
Total capital of ordinary shares in issue (including shares held in treasury by IMI) following the cancellation
326,401,760 ordinary shares of 25 pence each
Total number of voting rights of ordinary shares in issue (including shares held in treasury by IMI) following the cancellation
326,401,760
Total number of voting rights of ordinary shares in issue (excluding shares held in treasury by IMI) following the cancellation
310,117,371
Total number of voting rights of ordinary shares held in treasury by IMI following the cancellation
16,284,389
Percentage of voting rights of ordinary shares in issue attributable to ordinary shares held in treasury by IMI following the cancellation
5.0%
Total number of ordinary shares in issue following the cancellation less total number of ordinary shares held by IMI in treasury
310,117,371
The figure of 310,117,371 may be used by shareholders as the denominator for the calculations by which they will be determined if they are required to notify their interest in, or a change to their interest in, ordinary shares in IMI under the FCA's Disclosure and Transparency Rules.
IMI, the specialist engineering company, designs, manufactures and services bespoke solutions that control the precise movement of fluids. Its innovative technologies, built around valves and actuators, enable vital processes to operate safely, cleanly, efficiently and cost effectively.
It works with customers across a range of high growth sectors, including energy, oil and gas, energy efficient buildings and rail and commercial vehicles, all of which are benefiting from the impact of long term global trends including climate change, urbanisation, resource scarcity and ageing population.
IMI is listed on the London Stock Exchange and is a member of the FTSE100. Further information is available on the IMI website atwww.imiplc.com.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
IMI plc specializes in the design, production, and marketing of fluid circulation and control equipment. Net sales break down by family of products as follows:
- high-technology equipment (48.1%): anti-surge valves, isolation valves, actuators, flow control integrated systems, etc. for power plants and petrochemical, oil and gas facilities;
- valves and equipment of flows and air control and treatment (34.8%): for the automotive, railway transport, health, oil and gas industries, food and industrial automation sectors;
- indoor climate control equipment (17.1%).
Net sales are distributed geographically as follows: the Royaume Uni (4,5%), Allemagne (12,9%), Europe (25,4%), Etats-Unis (26,2%), Amérique (4,4%), Chine (8,8%), Asie-Pacifique (13,2%), Moyen Orient et Afrique (4,6%).