Imperial renews annual normal course issuer bid
Imperial Oil renewed its normal course issuer bid, receiving TSX approval to repurchase up to 5% of its outstanding common shares, or approximately 24.2 million shares, over the next 12 months. The program allows for purchases from both public shareholders and majority shareholder ExxonMobil, which intends to sell shares to maintain its approximately 69.6% ownership stake.
Key figures
- Guidance
- Max 5% of outstanding shares (24,179,635) over next 12 months
- Shares Offered
- 24179635
- Adtv
- 847026
- Outstanding shares
- 483592715
- Daily purchase limit
- 211756
- Prior program avg cost
- $124.93
- Exxon ownership percent
- 69.6%
- Prior program total cost
- $3,180 million
- Prior program shares repurchased
- 25452248
AI analysis
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