13 unchanged sentences
under the plans or
−Removed: (January 1 - January 31)
−Removed: February 2022
−Removed: (February 1 - February 28)
−Removed: (March 1 - March 31)
−Removed: On June 23, 2021, 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 existing share purchase program.
+Added: programs (a) (b) (c)
+Added: (April 1 - April 30)
+Added: (May 1 - May 31)
+Added: (June 1 - June 28)
+Added: (June 29 - June 30)
+Added: On June 23, 2021, the company announced by news release that it had received final approval from the Toronto Stock Exchange for a normal course issuer bid to continue its existing share purchase program.
The program enabled the company to purchase up to a maximum of 35,583,671 common shares during the period June 29, 2021 to June 28, 2022.
This maximum included 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 advised the company that it intended to participate to maintain its ownership percentage at approximately 69.6 percent.
+Added: Exxon Mobil Corporation participated to maintain its ownership percentage at approximately 69.6 percent.
The program ended on January 31, 2022 as a result of the company purchasing the maximum allowable number of shares under the program.
−Removed: On April 29, 2022 the company announced its intention to launch a substantial issuer bid pursuant to which the company will offer to purchase for cancellation up to $2,500,000,000 of its common shares.
−Removed: 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.
−Removed: Shares may also be tendered by way of a proportionate tender, which will result in a shareholder maintaining their proportionate share ownership.
−Removed: 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.
−Removed: Nothing in this report shall constitute an offer to purchase or a solicitation of an offer to sell any shares.
−Removed: The company will continue to evaluate the renewal of its normal course issuer bid share purchase program in June 2022 in the context of its overall capital activities.
+Added: On June 27, 2022, 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.
+Added: The program enables the company to purchase up to a maximum of 31,833,809 common shares during the period June 29, 2022 to June 28, 2023.
+Added: 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.
+Added: 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.
+Added: The program will end should the company purchase the maximum allowable number of shares, or on June 28, 2023.
+Added: Imperial plans to accelerate its share purchases under the normal course issuer bid program and anticipates repurchasing all remaining allowable shares by the end of October 2022.
+Added: On May 6, 2022, the company commenced a substantial issuer bid pursuant to which it offered to purchase for cancellation up to $2.5 billion of its common shares through a modified Dutch auction and proportionate tender offer.
+Added: The substantial issuer bid was completed on June 15, 2022, with the company taking up and paying for 32,467,532 common shares at a price of $77.00 per share, for an aggregate purchase of $2.5 billion and 4.9 percent of Imperial’s issued and outstanding shares as the close of business on May 2, 2022.
+Added: This included 22,597,379 shares purchased from Exxon Mobil Corporation by way of a proportionate tender to maintain its ownership percentage at approximately 69.6 percent.
+Added: 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.
14 unchanged sentences
Imperial Oil Limited
+Added: August 3, 2022
/s/ Daniel E.
2 unchanged sentences
(Principal accounting officer)
+Added: August 3, 2022
/s/ Cathryn Walker
2 unchanged sentences
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.