IMI plc Recommends Increase in Final Dividend, Payable on 18 May 2018; Appoints Thomas Thune Andersen as A Non-Executive Director and Member of the Audit, Nominations and Remuneration Committees, Effective 1 July 2018
March 02, 2018 at 07:00 am
Share
The Board of IMI plc recommended an increase in the final dividend of 2.0% to 25.2 pence (2016: 24.7 pence) making a total dividend for the year of 39.4 pence, an increase of 1.8% over last year's 38.7 pence. Payable on 18 May 2018 to shareholders on the register at close of business on 6 April 2018, which will cost about £68.3 million (2016: £67.0 million).
The company also announced the appointment of Thomas Thune Andersen as a non-executive director and member of the Audit, Nominations and Remuneration Committees with effect from 1 July 2018. Current public company board roles include non-executive director of BW Offshore Limited and Chairman of Orsted A/S. He is also Chairman of Lloyd's Register Group. Previous roles have included Chief Executive of Maersk Oil and Gas and partner in AP Moller Maersk, non-executive director of Petrofac Limited and Scottish and Southern Energy plc and Chairman of DeepOcean Group Holding AS.
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%).
IMI plc Recommends Increase in Final Dividend, Payable on 18 May 2018; Appoints Thomas Thune Andersen as A Non-Executive Director and Member of the Audit, Nominations and Remuneration Committees, Effective 1 July 2018
IMI PLC 
