Last checked at 8 Mar 2013 17:46
8 March 2013
IMI plc ("IMI")
Clarification to preliminary results note 1(iii)
In note 1(iii) to the financial information included in our preliminary results announcement dated 7 March 2013, we stated that we had re-assessed the valuation of the IMI Pension Fund's interest in the IMI Scottish Limited Partnership following discussions with the Financial Reporting Review Panel during 2012. For the avoidance of any possible doubt, the Panel has asked us to clarify by making this statement that discussions between us are ongoing and that it is yet to conclude its enquiries into the company's accounting for the pension fund's interest in the limited partnership.
Enquiries to:
Will Shaw IMI Tel: +44 (0)121 717 3712
Rollo Head / Charlie Chichester RLM Finsbury Tel: +44 (0)20 7251 3801
Notes to editors:
IMI is a global engineering group focused on the precise control and movement of fluids in critical applications. It works with leading international companies in over 50 countries to deliver innovative engineering solutions, built around valves and actuators, to address global trends such as climate change, resource scarcity, urbanisation and an ageing population. Its shares are listed on the London Stock Exchange and it is a member of the FTSE100. Further information is available at www.imiplc.com.