Key Developments: IMI PLC (IMI.L)

IMI.L on London Stock Exchange

1,214.00GBp
21 Nov 2014
Price Change (% chg)

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1,214.00p
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1,613.00p
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1,108.00p

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Latest Key Developments (Source: Significant Developments)

Shanghai Automation Instrumentation Co Ltd Establishes Joint Venture with IMI PLC
Thursday, 10 Oct 2013 08:00pm EDT 

Shanghai Automation Instrumentation Co Ltd announced that it has completed the establishment of a joint venture SAIC CCI Valve Co., Ltd. with IMI PLC. The joint venture capitalized at RMB 40 million is engaged in processing, design and production of nuclear power regulators in Shanghai. Shanghai Automation Instrumentation is holding 56% stake and IMI PLC is holding 44% stake in the joint venture.  Full Article

IMI PLC Announces Retirement Of Martin Lamb And Appointment Of Mark Selway As Chief Executive
Friday, 27 Sep 2013 02:00am EDT 

IMI PLC announced that Martin Lamb will step down as Chief Executive at the end of 2013 and retire from the Board at the 2014 AGM. Mark Selway will succeed him on January 1, 2014. He will join IMI and the IMI Board on October 1, 2013 as Chief Executive designate and will work alongside Martin until the end of 2013 to ensure a smooth transition of the CEO role.  Full Article

IMI PLC Announces Acquisition Of Analytical Flow Products
Thursday, 22 Aug 2013 02:00am EDT 

IMI PLC announces the acquisition of Analytical Flow Products (AFP). IMI paid an initial consideration of GPB5 million for AFP and could potentially pay further deferred consideration of up to GBP36 million based on performance over the next five years. AFP is located in Thetford Mines, Quebec, Canada and its senior management and employees will be transferring to IMI.  Full Article

IMI PLC Declares Interim Dividend
Thursday, 22 Aug 2013 02:00am EDT 

IMI PLC announced that the directors have declared an interim dividend for the current year of 12.8 pence per share (2012: 11.8 pence) which will be paid on October 11, 2013 to shareholders on the register on September 6, 2013.  Full Article

IMI PLC Recommends Final Dividend
Thursday, 7 Mar 2013 02:00am EST 

IMI PLC announced that the directors recommend a final dividend of 20.7p per share (2011: 19.0p) payable on May 20, 2013 to shareholders on the register at close of business on April 12, 2013,  Full Article

UPDATE 2-British engineer IMI to buy German valve maker for $190 mln

* IMI rev falls 6 percent for four months to Oct-end (Adds details of the deal, CEO comment)

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