IMPERIAL OIL LTD 8-K

What Happened
On June 23, 2026, Imperial Oil Limited (IMO) announced that the Toronto Stock Exchange has given final acceptance for a normal course issuer bid (NCIB). The company may repurchase up to 5% of its 483,592,715 outstanding common shares as of June 15, 2026 — a maximum of 24,179,635 shares — over the next 12 months. The announcement was made by press release (filed as Exhibit 99.1).

Key Details

• TSX accepted an NCIB on June 23, 2026.
• Outstanding shares as of June 15, 2026: 483,592,715.
• Maximum shares authorized for repurchase: 24,179,635 (5% of outstanding).
• Repurchases may occur during the 12-month period following the acceptance; details on timing, price, and funding were not provided in the 8-K.

Why It Matters
A share repurchase program can reduce the number of shares outstanding, which may increase earnings per share and return capital to shareholders. This filing confirms the TSX approval but does not commit to a specific buyback schedule or amount to be purchased. Investors should note this is an authorization; actual repurchases will depend on market conditions and the company’s decisions during the 12‑month period. For further specifics, review the company’s press release (Exhibit 99.1).