Imperial renews annual normal course issuer bid (opens original article in a new tab)
Imperial Oil Limited has received approval for a normal course issuer bid to repurchase up to 5% of its outstanding shares, with the program set to begin on June 29, 2026, and include automatic share purchase plans to facilitate repurchases during restricted periods.
- Imperial Oil Limited received approval for a normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding shares, or 24,179,635 shares, within the next 12 months.
- The NCIB will be implemented starting June 29, 2026, and includes automatic share purchase plans to facilitate repurchases during restricted periods.
- ExxonMobil will participate in the NCIB to maintain its 69.6% ownership stake, with previous NCIB programs resulting in significant share purchases and costs.
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