IMPERIAL OIL LTD IMO

expiry = 2023-12-08...ive relief from Canadian securities regulatory authorities with respect to the proportionate take-up and extension requirements of the Offer. The Offer is expected to commence on November 3, 2023 and remain open for acceptance until 5:00 p.m. (Calgary time) on December 8, 2023, unless withdrawn, extended or varied by Imperial. 5.Full Description of Material Change: On October 30, 2023, the Company announced the terms of the Offer pursuant to which the Company will offer to purchase for cancellation up to C$1,500...

mechanism = DUTCH_PROPORTIONATE...of its common shares (the “Shares”). Subject to obtaining certain exemptive relief under applicable securities laws in the United States, the Offer will proceed by way of a modified Dutch auction that includes the ability for shareholders to participate via a proportionate tender. The modified Dutch auction procedure will have a tender price range from C$78.50 per Share to C$94.00 per Share. Imperial has obtained routine exemptive relief from Canadian securities regulatory authorities with respect to the proportionate take-up and extension requirements of the Offer. The Offer is expected to commence on November 3...

mechanism = DUTCH_PROPORTIONATE...ancellation up to $1.5 billion of its common shares (the “Shares”). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $78.50 per Share to $94.00 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 December 8, 2023. 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 19,108,...

mechanism = DUTCH_PROPORTIONATE...made, or were deemed to have made, purchase price tenders had approximately 20 percent of their tendered Shares taken up by Imperial (other than “odd lot” tenders, which were not subject to proration). 13,324,225 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 13,299,349 Shares being taken up pursuant to the Offer. Immediately following completion of the Offer, ExxonMobil holds 3...

price = CAD 78.5-94.0...s wishing to tender to the Offer may do so pursuant to: (i) auction tenders in which the tendering shareholders specify the number of Shares being tendered at a specified price of not less than C$78.50 per Share and not more than C$94.00 per Share in increments of C$0.25 per Share; (ii) purchase price tenders in which they will not specify a price per Share, but will rather agree to have a specified number of Shares purchased at the Purchase Price, as d...

threshold = 100...fter taking into consideration the proportionate - 3 - tenders), Imperial will purchase Shares from the shareholders who made purchase price tenders or tendered at or below the Purchase Price as finally determined by Imperial on a pro rata basis, except that “odd lot” holders (shareholders who own fewer than 100 Shares) will not be subject to proration. Imperial expects to mail the formal offer to purchase, issuer bid circular, letter of transmittal, notice of guaranteed delivery and other related documents (collectively, the “Offer Documents”) containing the terms and conditions of the Offer, instructions for tendering Shares, and the factors consider...

txn_type = TENDER_OFFER...which was disseminated through the facilities of Business Wire and subsequently filed on SEDAR+. 4.Summary of Material Change: On October 30, 2023, the Company announced the terms of its substantial issuer bid (the “Offer”) pursuant to which the Company will offer to purchase for cancellation up to C$1,500,000,000 of its common shares (the “Shares”). Subject to obtaining certain exemptive relief under applicable securities laws in the United States, the Offer will proceed by way of a modified Dutch auction that includes the ability for shareholders to participate via a proportionate tender. The modified Dutch...

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 November 3, 2023, 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.sedarplus.ca and on EDGAR at www.sec.gov. This news release is for informational purposes only and does not constitute an offer to buy or the solicit...

txn_type = TENDER_OFFER...twitter.com/ImperialOil ∙ linkedin.com/company/Imperial-Oil ∙ facebook.com/ImperialOilLimited Imperial retained RBC Capital Markets to act as financial advisor and dealer manager in connection with the Offer. The full details of the Offer are described in the offer to purchase and issuer bid circular dated November 3, 2023, 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.sedarplus.ca and on EDGAR at www.sec.gov. This news release is for informational purposes only and does not constitute an offer to buy or the solicit...