Imperial announces completion of its $1.5 billion substantial issuer bid

Calgary, alberta--(business wire)--imperial oil limited (tse: imo, nyse american: imo) announced today that it has taken up and paid for 19,108,280 common shares (“shares”) at a price of $78.50 per share (the “purchase price”) under imperial's offer (the “offer”) to purchase for cancellation up to $1.5 billion of its shares. all amounts are in canadian dollars. the shares purchased represent an aggregate purchase of $1.5 billion and 3.4 percent of the total number of imperial's issued and outst.
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