Company: IMO
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000049938-25-000070
Chunk: 13

Company: IMPERIAL OIL LTD
Filing Date: 2025-11-03
Form: 10-Q
Item: Part II, Item 2
Chunk 13
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Item 2. Unregistered sales of equity securities and use of proceeds

Issuer purchases of equity securities

                                                       Average price paid                                 
                                                                per share                                 
                                                   (Canadian dollars) (a)                                 
  July 2025                                                                                               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  (July 1 - July 31)                2,424,038                      112.92      2,424,038      23,028,210  
  August 2025                                                                                             
  (August 1 - August 31)            4,693,798                      117.98      4,693,798      18,334,412  
  September 2025                                                                                          
  (September 1 - September 30)      5,066,100                      126.64      5,066,100      13,268,312  

(a) Excludes 2 percent tax on repurchases of equity.

(b) On June 23, 2025, the company announced by news release that it had received final approval from the Toronto Stock Exchange for a new normal course issuer bid and will continue its existing share purchase program. The program enables the company to purchase up to a maximum of 25,452,248 common shares during the period June 29, 2025 to June 28, 2026. This maximum includes shares purchased under the normal course issuer bid from Exxon Mobil Corporation. As in the past, Exxon Mobil Corporation has advised the company that it intends to participate to maintain its ownership percentage at approximately 69.6 percent. The program will end should the company purchase the maximum allowable number of shares or otherwise on June 28, 2026. Imperial plans to continue its acceleration of its share purchases under the normal course issuer bid program, and anticipates repurchasing all remaining allowable shares prior to year end. Purchase plans may be modified at any time without prior notice.

The company will continue to evaluate its share purchase program in the context of its overall capital activities.

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

Item 5. Other information