BuybackJun 23, 2026, 08:07 AM
Imperial Oil Renews NCIB to Repurchase Up to 5% of Shares
AI Summary
Imperial Oil Limited announced it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid (NCIB). The company plans to repurchase up to five percent of its 483,592,715 outstanding common shares, totaling a maximum of 24,179,635 shares, over the next 12 months. The new program will commence on June 29, 2026, and conclude by June 28, 2027. ExxonMobil, Imperial's majority shareholder, intends to participate to maintain its approximate 69.6 percent ownership.
Key Highlights
- Imperial Oil renews Normal Course Issuer Bid (NCIB).
- Company to repurchase up to 5% of outstanding common shares.
- Maximum of 24,179,635 shares to be repurchased.
- Program runs for 12 months, from June 29, 2026, to June 28, 2027.
- 483,592,715 common shares outstanding as of June 15, 2026.
- ExxonMobil to participate to maintain its ~69.6% proportionate ownership.
- Daily purchase limit for public shareholders is 211,756 shares.
- Previous NCIB purchased 25,452,248 shares for $3,180 million at $124.93/share.
Price Impact
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