secwatch.observer — SEC 8-K summary
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Issuer:     IMPERIAL OIL LTD (IMO)
CIK:        0000049938
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0000049938-24-000037
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Imperial Oil renews NCIB to repurchase up to 5% of shares (26.8M shares) over 12 months
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- Program runs June 29, 2024 to June 28, 2025; maximum 26,791,840 shares (5% of 535,836,803 outstanding).
- ExxonMobil will sell shares to Imperial under NCIB to maintain its 69.6% proportionate ownership.
- Daily purchase limit for non-ExxonMobil shares is 254,907 shares, 25% of avg daily volume of 1,019,629.
- Prior NCIB completed Oct 19, 2023; bought 29,207,635 shares total at avg cost of $78.75 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49938/000004993824000037/0000049938-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49938/000004993824000037/imo-20240624.htm
  HTML page:      https://secwatch.observer/filing/0000049938-24-000037

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