SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 2)
IMPERIAL OIL LIMITED
(Name of Subject Company (Issuer))
IMPERIAL OIL LIMITED
(Filing Person(s) (Offeror(s))
Common Stock, without par value
(Title of Class of Securities)
453038408
(CUSIP Number of Class of Securities)
Ian Laing
Vice-President, General Counsel and Corporate Secretary
505 Quarry Park Boulevard S.E.
Calgary, Alberta
Canada T2C 5N1
(800) 567-3776
(Name, address and telephone number of person authorized to receive notices and communications on behalf of the filing person)
Copies to:
Patrick S. Brown
Sullivan & Cromwell LLP
1888 Century Park East
21st Floor
Los Angeles, California 90067
(310) 712-6603
☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
☐ third-party tender offer subject to Rule 14d-1.
☒ issuer tender offer subject to Rule 13e-4.
☐ going-private transaction subject to Rule 13e-3.
☐ amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒
Check the appropriate boxes below to designate any transactions to which the statement relates:
☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer).
☐ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer).
This Amendment No. 2 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO originally filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2022 (“Schedule TO”), as amended by Amendment No. 1 to the Schedule TO, filed with the SEC on December 12, 2022, relating to an offer by Imperial Oil Limited, a Canadian corporation (the “Company”), to purchase a number of shares of its common stock, without par value (the “Shares”), for an aggregate purchase price not exceeding C$1,500,000,000, at a purchase price not less than C$72.50 and not more than C$87.00 per Share, in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 4, 2022 (the “Offer to Purchase”), together with the accompanying issuer bid circular (the “Issuer Bid Circular”), and in the related Letter of Transmittal and Notice of Guaranteed Delivery (which, together with any amendments or supplements thereto, collectively constitute the “Offer”).
The information in the Schedule TO, including all exhibits to the Schedule TO, which were previously filed with the Schedule TO or any amendment thereto, is incorporated herein by reference in response to Items 1 through 11 of the Schedule TO, except that such information is hereby amended and supplemented to the extent specifically provided in this Amendment. All capitalized terms used but not specifically defined in this Amendment shall have the meanings given to such terms in the Offer to Purchase and the Issuer Bid Circular. The items of the Schedule TO set forth below are hereby amended and supplemented as follows:
| ITEM 11. |
Item 11 of the Schedule TO is hereby amended and supplemented by adding the following to the end thereof:
“On December 14, 2022, the Company issued a press release announcing the final results of the Offer, which expired at 5:00 p.m. (Calgary time) on December 9, 2022. A copy of such press release is filed as Exhibit (a)(5)(vi) to this Schedule TO and is incorporated herein by reference.”
| ITEM 12. | EXHIBITS. |
The following are attached as exhibits to this Schedule TO:
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| † | Included in mailing to shareholders. |
| * | Previously Filed. |
| ** | Filed herewith. |
| ITEM 13. | INFORMATION REQUIRED BY SCHEDULE 13E-3. |
Not Applicable.
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SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Imperial Oil Limited | ||||
| By: | /s/ Ian Laing | |||
| Name: | Ian Laing | |||
| Title: | Vice President, General Counsel and Corporate Secretary | |||
Date: December 14, 2022
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EXHIBIT INDEX
Exhibit | ||
| (a)(1)(i) | Offer to Purchase, dated November 4, 2022, together with the Issuer Bid Circular.* | |
| (a)(1)(ii) | Form of Letter of Transmittal.* | |
| (a)(1)(iii) | Form of Notice of Guaranteed Delivery.* | |
| (a)(1)(iv) | Form of Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.† | |
| (a)(1)(v) | Summary Advertisement as published on November 4, 2022 in the Wall Street Journal.* | |
| (a)(5)(i) | Pre-Commencement Press Release issued by the Company on October 28, 2022 (Incorporated herein by reference to the pre-commencement communication of the Company on Schedule TO, filed with the SEC on October 28, 2022).* | |
| (a)(5)(ii) | Pre-Commencement Press Release issued by the Company on October 28, 2022 (Incorporated herein by reference to the pre-commencement communication of the Company on Schedule TO, filed with the SEC on October 28, 2022).* | |
| (a)(5)(iii) | Transcript of earnings release conference call of the Company on October 28, 2022 (Incorporated herein by reference to the pre-commencement communication of the Company on Schedule TO, filed with the SEC on October 31, 2022).* | |
| (a)(5)(iv) | Pre-Commencement Press Release issued by the Company on October 31, 2022 (Incorporated herein by reference to the pre-commencement communication of the Company on Schedule TO, filed with the SEC on October 31, 2022).* | |
| (a)(5)(v) | Preliminary Press Release issued by the Company on December 12, 2022 (Incorporated herein by reference to Exhibit 99.1 of the Company’s Form 8-K filed on December 12, 2022 (File No. 0-12014)).* | |
| (a)(5)(vi) | Press Release issued by the Company on December 14, 2022 (Incorporated herein by reference to Exhibit 99.1 of the Company’s Form 8-K filed on December 14, 2022 (File No. 0-12014)).** | |
| (d)(i) | Form of Letter relating to Supplemental Retirement Income (Incorporated herein by reference to Exhibit (10)(c)(3) of the Company’s Annual Report on Form 10-K for the year ended December 31, 1980 (File No. 2-9259)).* | |
| (d)(ii) | Deferred Share Unit Plan for Nonemployee Directors (Incorporated herein by reference to Exhibit (10)(iii)(A)(6) of the Company’s Annual Report on Form 10-K for the year ended December 31, 1998 (File No. 0-12014)).* | |
| (d)(iii) | Amended Restricted Stock Unit Plan with respect to Restricted Stock Units granted in 2011 and subsequent years, as amended effective November 14, 2011 (Incorporated herein by reference to Exhibit 9.01(c)[10(iii)(A)(1)] of the Company’s Form 8-K filed on February 23, 2012 (File No. 0-12014)).* | |
| (d)(iv) | Amended Restricted Stock Unit Plan with respect to Restricted Stock Units granted in 2016 and subsequent years, as amended effective October 26, 2016 (Incorporated herein by reference to Exhibit 9.01(c)[10(iii)(A)(1)] of the Company’s Form 8-K filed on October 31, 2016 (File No. 0-12014)).* | |
| (d)(v) | Amended Short Term Incentive Program with respect to awards granted in 2016 and subsequent years, as amended effective October 26, 2016 (Incorporated herein by reference to Exhibit 9.01(c)[10(iii)(A)(1)] of the Company’s Form 8-K filed on October 31, 2016 (File No. 0-12014)).* | |
| (d)(vi) | Amended Restricted Stock Unit Plan with respect to Restricted Stock Units granted in 2020 and subsequent years, as amended effective November 24, 2020 (Incorporated herein by reference to Exhibit (10)(iii)(A)(6) of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 (File No. 0-12014)).* | |
| 99.1 | Material Change Report, dated November 4, 2022.* | |
| 107 | Filing Fee Table.** | |
| † | Included in mailing to shareholders. |
| * | Previously Filed. |
| ** | Filed herewith. |
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