13 unchanged sentences
under the plans or
−Removed: programs (a) (b)
−Removed: (April 1 - April 30)
−Removed: (May 1 - May 31)
−Removed: (June 1 - June 30) — — — —
+Added: (July 1 - July 31)
+Added: 2,283,731 66.72 2,283,731 26,923,904
+Added: (August 1 - August 31)
+Added: 5,923,101 74.12 5,923,101 21,000,803
+Added: September 2023
+Added: (September 1 - September 30) 9,278,768 80.91 9,278,768 11,722,035
(a) On June 27, 2023, 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 to continue its existing share purchase program.
2 unchanged sentences
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.
−Removed: The program ended on October 21, 2022 as a result of the company purchasing the maximum allowable number of shares under the program.
−Removed: (b) On June 27, 2023, 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.
−Removed: The program enables the company to purchase up to a maximum of 29,207,635 common shares during the period June 29, 2023 to June 28, 2024.
−Removed: This maximum includes shares purchased under the normal course issuer bid and from Exxon Mobil Corporation concurrent with, but outside of, the normal course issuer bid.
−Removed: 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.
−Removed: The program will end should the company purchase the maximum allowable number of shares or on June 28, 2024.
−Removed: Imperial plans to accelerate its share purchases under the normal course issuer bid program and anticipates repurchasing all remaining allowable shares prior to year end.
+Added: Imperial accelerated its share purchases under the normal course issuer bid program during the third quarter and, subsequent to the end of the third quarter, the program completed on October 19, 2023 as a result of the company purchasing the maximum allowable number of shares under the program.
+Added: On October 27, 2023, the company announced its intention to launch a substantial issuer bid pursuant to which the company will offer to purchase for cancellation up to $1.5 billion of its common shares.
+Added: The substantial issuer bid will be made through a modified Dutch auction, with a tender price range to be determined by the company at the time of commencement of the offer.
+Added: Shares may also be tendered by way of a proportionate tender, which will result in a shareholder maintaining their proportionate share ownership.
+Added: ExxonMobil has advised Imperial that it intends to make a proportionate tender in connection with the offer in order to maintain its proportionate share ownership at approximately 69.6 percent following completion of the offer.
+Added: Nothing in this report shall constitute an offer to purchase or a solicitation of an offer to sell any shares.
The company will continue to evaluate its share purchase program in the context of its overall capital activities.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.