IMI PLC has announced a share repurchase programme to purchase ordinary shares of 28 4/7 p in the capital of the Company with a value of up to £100 million. The programme will run from 29 July 2024 to no later than 31 December 2024, with the aim of reducing the company's capital. Shares purchased will be cancelled. The company has entered into an agreement with Merrill Lynch International to manage the first £50 million tranche of the programme, with any further tranches to be announced in due course.

This arrangement is in accordance with the FCA's Listing Rules and the company's general authority granted by shareholders at the annual general meeting held on 9 May 2024. The programme will also be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU. For further information, enquiries can be directed to Louise Waldek at IMI.