Imperial Oil (IMO) committed to long-term shareholder value
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Imperial committed to long-term shareholder value
June 27, 2023 7:55 AM EDTCALGARY, Alberta--(BUSINESS WIRE)-- Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 584,152,718 outstanding common shares as of June 15, 2023, or a maximum of 29,207,635 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from Exxon Mobil Corporation (ExxonMobil), Imperials majority shareholder, as described below.
The new one year program will begin on June 29, 2023, and will end should the... More
