IMPERIAL OIL LTD IMO

expiry = 2022-06-10...ansmittal”) and notice of guaranteed delivery (the “Notice of Guaranteed Delivery”) (which together constitute, and are herein referred to as, the “Offer”). The Offer commences on the date hereof and expires at 5:00 p.m. (Calgary time) on June 10, 2022, or at such later time and date to which the Offer may be extended by the Company (the “Expiration Date”), unless withdrawn. The Offer is not conditional upon any minimum number of Shares being properly deposited under the Offer. The Offer...

listed = True...rcular, ‘‘Dividend Policy’’, and Section 6 of the Circular, ‘‘Previous Purchases of Shares”. Additional Securities Law Considerations Imperial is a reporting issuer (or the equivalent thereof) in each of the provinces and territories of Canada, and the Shares are listed on the TSX. Imperial believes that the purchase of Shares pursuant to the Offer will not result in: (i) Imperial ceasing to be a reporting issuer in any jurisdiction in Canada, or (ii) the Shares being delisted from the TSX. Imperial is a reporting issuer under the Exchange Act and the Shares are registered under Section 12(g) of the Exchange Act a...

mechanism = DUTCH_PROPORTIONATE...number of Shares purchased at the Purchase Price to be determined pursuant to the Offer (the “Purchase Price Tenders”), understanding that if they make a Purchase Price Tender such Shares will be deemed to have been tendered at the minimum price of $62.00; ● proportionate tenders in which the tendering Shareholders agree to sell to the Company, at the Purchase Price to be determined pursuant to the Offer, a number of Shares that will result in them maintaining their respective proportionate Share ownership in the Company following completion of the Offer (the “Proportionate Tenders”). Promptly following the Expi...

mechanism = DUTCH_PROPORTIONATE...ancellation up to $2.5 billion of its common shares (the “Shares”). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $62.00 per Share to $78.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer expired at 5:00 p.m. (Calgary time) on June 10, 2022. All amounts are in Canadian dollars. In accordance with the terms and conditions of the Offer and based on the preliminary calculation of Computershare Investor Services Inc., as depositary for the Offer (the “Depositary”), Imperial expects to take up and pay for 32,467,532...

mechanism = DUTCH_PROPORTIONATE...made, or were deemed to have made, purchase price tenders had approximately 96 percent of their tendered Shares taken up by Imperial (other than “odd lot” tenders, which were not subject to proration). 22,599,766 Shares were taken up and purchased pursuant to proportionate tenders. Exxon Mobil Corporation (“ExxonMobil”), Imperial’s majority shareholder, made a proportionate tender under the Offer in order to maintain its proportionate Share ownership at approximately 69.6 percent, resulting in 22,597,379 Shares being taken up pursuant to the Offer. Immediately following completion of the Offer, ExxonMobil holds 4...

price = CAD 62.0-78.0...ffer are non-residents of the United States. May 6, 2022 IMPERIAL OIL LIMITED OFFER TO PURCHASE FOR CASH UP TO C$2,500,000,000 IN VALUE OF ITS COMMON SHARES AT A PURCHASE PRICE OF NOT LESS THAN C$62.00 AND NOT MORE THAN C$78.00 PER COMMON SHARE Imperial Oil Limited (“Imperial” or the “Company”) hereby offers to purchase for cancellation a number of common shares of the Company (the “Shares”) for an aggregate purchase price not exceeding $2,500...

priority = True...enders. If the Auction Tender Purchase Amount is greater than the Auction Tender Limit Amount, the Company will purchase a portion of the Shares so tendered pursuant to Auction Tenders at or below the Purchase Price and Purchase Price Tenders, as follows: (i) first, the Company will purchase all Shares tendered at or below the Purchase Price by Shareholders who own fewer than 100 Shares (the “Odd Lot Holders”) at the Purchase Price; and (ii) second, the Company will purchase at the Purchase Price on a pro rata basis that portion of the Shares tendered pursuant to Auction Tenders at or below the Purchase Price and Purchase Price Tenders having an aggregate purchase price, based on the Purchase Price, equal to (A)...

threshold = 100...Delivery’’ means the notice of guaranteed delivery in the form forwarded with the Circular. “NYSE American” means NYSE American LLC. “Odd Lots” means, for purposes of the Offer, all Shares validly tendered at or below the Purchase Price by Odd Lot Holders. ‘‘Odd Lot Holder’’ means a Shareholder who owns fewer than 100 Shares. ‘‘Offer’’ means the offer made to Shareholders to purchase that number of Shares having an aggregate purchase price not exceeding $2,500,000,000, the terms and conditions of which are set forth in the Offer to Purchase, the Circular, the Letter of Transmittal and the Notice of Guaranteed Delivery. 2 ‘‘Offer to Purchase’’ means the attac...

txn_type = TENDER_OFFER...the fact that Imperial is incorporated under the Canada Business Corporations Act and located in Canada, and that certain of its directors and officers and the experts named in the Offer are non-residents of the United States. May 6, 2022 IMPERIAL OIL LIMITED OFFER TO PURCHASE FOR CASH UP TO C$2,500,000,000 IN VALUE OF ITS COMMON SHARES AT A PURCHASE PRICE OF NOT LESS THAN C$62.00 AND NOT MORE THAN C$78.00 PER COMMON SHARE Imperial Oil Limited (“Imperial” or the “Company”) hereby offers to purchase for cancellation a number of common shares of the Company (the “Shares”) for an aggregate purchase price not exce...

txn_type = TENDER_OFFER...y remains committed to high standards across all areas of our business. imperialoil.ca ◾ youtube.com/ImperialOil ◾ twitter.com/ImperialOil ◾ linkedin.com/company/Imperial-Oil ◾ facebook.com/ImperialOilLimited The full details of the Offer are described in the offer to purchase and issuer bid circular dated May 6, 2022, as amended on May 31, 2022 as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. This news release is for informational purposes only and does not constitute an offer to...

txn_type = TENDER_OFFER...y remains committed to high standards across all areas of our business. imperialoil.ca • youtube.com/ImperialOil • twitter.com/ImperialOil • linkedin.com/company/Imperial-Oil • facebook.com/ImperialOilLimited The full details of the Offer are described in the offer to purchase and issuer bid circular dated May 6, 2022, as amended on May 31, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. This news release is for informational purposes only and does not constitute an offer to...