Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 23

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 5
Chunk 23
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 of this report. 

34

Issuer purchases of equity securities 

 Total number ofshares purchasedAverage price paidper share(Canadian dollars) (a)Total number ofshares purchasedas part of publiclyannounced plansor programsMaximum numberof shares that mayyet be purchasedunder the plans orprograms (b)October 2024    (October 1 - October 31)5,541,599104.655,541,5998,815,978November 2024    (November 1 - November 30)5,289,708103.345,289,7083,526,270December 2024   (December 1 - December 31)3,526,27098.883,526,270—(a)Excludes 2 percent tax on repurchases of equity.(b)On June 24, 2024, the company announced by news release that it had received final approval from the Toronto Stock Exchange for a new normal course issuer bid to continue its then-existing share purchase program. The program enabled the company to purchase up to a maximum of 26,791,840 common shares during the period June 29, 2024 to June 28, 2025. This maximum included shares purchased under the normal course issuer bid from Exxon Mobil Corporation. As in the past, Exxon Mobil Corporation advised the company that it intended to participate to maintain its ownership percentage at approximately 69.6 percent. Imperial accelerated share purchases under the normal course issuer bid program, and the program completed on December 19, 2024 as a result of the company purchasing the maximum allowable number of shares under the program. 

The company will continue to evaluate the renewal of its normal course issuer bid share purchase program in June 2025 in the context of its overall capital activities. 

Purchase plans may be modified at any time without prior notice.