Share repurchase programme

Summary by AI ^BETAClose X

IMI plc has entered into an agreement with Deutsche Numis to manage the second £250 million tranche of its share repurchase programme, which has a total value of up to £500 million. This second tranche will commence upon completion of the first £250 million tranche and is expected to conclude by 31 December 2026. The programme is being conducted in accordance with regulatory rules and shareholder authority, limiting repurchases to approximately 10% of the issued share capital as of 19 March 2026, which equates to 24,625,138 shares.

Disclaimer*

IMI PLC

29 May 2026

IMI plc

Share repurchase programme

IMI plc (the "Company") announces that, in connection with the share buyback of up to £500 million announced on 6 March 2026 (the "Programme"), the Company has entered into an agreement with Deutsche Bank AG, London Branch (trading for these purposes as Deutsche Numis) ("Deutsche Numis") to manage the second £250m tranche of the Programme (the "Second Tranche").

Deutsche Numis will carry out the acquisition of ordinary shares of 28 4/7 p in the capital of the Company (the "Shares") on a riskless principal basis for subsequent repurchase by the Company. The Second Tranche will commence on completion of the first £250m tranche of the Programme announced on 9 March 2026. It is expected that the Programme will end no later than 31 December 2026.

This arrangement is in accordance with Chapter 9 of the Financial Conduct Authority's UK Listing Rule and the Company's general authority granted by shareholders at the Company's annual general meeting held on 12 May 2026, limiting purchases of Shares by the Company in the market to nearly 10% of the Company's issued share capital as at 19 March 2026 (excluding shares held in treasury), being 24,625,138 Shares. The Programme will also be effected within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (in each case, as they form part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended from time to time, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019).

Enquiries to:

Louise Waldek	, Company Secretary, IMI plc	Tel: +44 (0)121 717 3780
Edward Hann	Head of Investor Relations, IMI plc	Tel: +44 (0)7977 354810

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END