Imperial Oil Ltd (IMO) Com NPV

Imperial Oil wants to return up to CAD1.5 billion to shareholders. To do this the company is offering to buy its shares at a price between CAD78.50 and CAD94.00. This is called a tender offer.

If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.

Please see below for a breakdown of the tender offer:

• You can ask to sell (tender) some or all of your shares at a specific price which is not less than CAD78.50, or greater than CAD94.00 (in increments of CAD0.25, e.g. CAD78.50, CAD78.75, CAD79.00, CAD79.25, etc.) Alternatively you can ask to tender at the eventual purchase price, which will be determined on completion of the offer.

• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to CAD1.5 billion.

• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.

• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. As your shares are held with Hargreaves Lansdown scaling back of excess elections may not be on the same terms as those announced by the company.

• Shareholders holding 99 shares or fewer who tender their entire holding at a price at or below the eventual purchase price will receive priority under the offer.

• Non-Canadian resident shareholders who sell shares in the offer may receive some of the proceeds as income, subject to Canadian Withholding Tax. We cannot confirm how much of the proceeds may be received as income.

• Any proceeds will be converted from Canadian Dollars into US Dollars by CREST, the UK settlement system and no currency conversion fee will be charged by CREST for this conversion. The US Dollars will then be converted into Pound Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

Tender shares – Act by noon on Tuesday 5 December 2023

To tender shares please give an instruction below. To tender at a specific price, please state this price in the further details box.

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.