Results of 2024 Tender Offer to Street-name Shareholders

Ojai Oil Company previously announced that it would no longer support the trading of its shares on the OTC markets. As part of this decision, the company offered to repurchase shares from street-name shareholders who hold their shares through brokerages. The optional repurchase offer was set at $305 per share and ended on October 4th at 5 PM ET.

Of the 23,902 street-name shares, 18,023 were successfully tendered, representing approximately 75% of the offer. Following the retirement of these tendered shares, the company now has a total of 261,877 outstanding shares. Only 5,879 of these remaining shares are held in street-name, making up about 2.2% of the company’s total outstanding shares.