International Petroleum Corporation Expands Share Repurchase Program

International Petroleum Corporation Engages in Strategic Share Buyback

International Petroleum Corporation (IPC) has made a notable stride by repurchasing a significant number of its common shares under its normal course issuer bid (NCIB) program. The company has recently reported that a total of 98,176 IPC common shares were successfully bought back during a specific trading window, reinforcing its commitment to managing its capital efficiently and returning value to its stakeholders.

Overview of the Normal Course Issuer Bid Program

The NCIB program, which was officially announced in late 2024, operates under comprehensive regulatory frameworks, ensuring that the share repurchases comply with applicable laws in Canada and Sweden as well as the policies of the Toronto Stock Exchange (TSX) and Nasdaq Stockholm. A vital aspect of this initiative is to provide IPC with a structured method to optimize share capital in accordance with the Market Abuse Regulation.

Recent Share Repurchase Activity

From September 8 to 12, 2025, IPC carried out notable purchases on both Nasdaq Stockholm and the TSX. Specifically, on Nasdaq Stockholm, the company purchased 74,376 shares through Pareto Securities AB. Meanwhile, on the TSX, an additional 23,800 IPC shares were repurchased with the assistance of ATB Securities Inc.

Impact on Outstanding Shares

As a result of these repurchases, all IPC common shares acquired will be cancelled, which will further refine the total count of issued shares. Following the cancellation of 50,000 shares bought through alternate exemptions in Canada, the total outstanding shares stood at 112,780,502, highlighting IPC's proactive approach in enhancing shareholder value.

Long-term Strategy and Growth Potential

IPC outlines an aggressive buyback strategy that aligns with its vision of ensuring robust shareholder returns. Over the full duration of this NCIB program, which remains effective until December 4, 2025, IPC is authorized to repurchase up to 7,465,356 shares. This strategic initiative is indicative of IPC's confidence in its operational capabilities and market positioning.

Broader Corporate Portfolio

International Petroleum Corp. stands out in the oil and gas exploration and production sector, boasting a diversified asset base across multiple regions including Canada, Malaysia, and France. This diversified portfolio not only empowers IPC towards organic growth but also supports its ambitions for potential acquisitions. As part of the Lundin Group of Companies, IPC benefits from a wealth of industry experience and stability.

Contact Information for Inquiries

For anyone wishing to obtain further information, IPC's corporate representatives are more than willing to assist. Interested parties can reach out to:

Rebecca Gordon
SVP Corporate Planning and Investor Relations
rebecca.gordon@international-petroleum.com
Tel: +41 22 595 10 50

Or

Robert Eriksson
Media Manager
reriksson@rive6.ch
Tel: +46 701 11 26 15

Frequently Asked Questions

What is the purpose of IPC’s normal course issuer bid?

The NCIB allows IPC to repurchase shares to optimize capital structure and provide a return on investment to shareholders.

How many shares has IPC repurchased under the NCIB?

Under the NCIB, IPC has repurchased a total of 7,264,138 shares since the program began.

What is the total number of IPC shares outstanding after recent repurchases?

After the cancellation of repurchased shares, IPC has 112,780,502 shares outstanding.

Who is overseeing the share repurchases on behalf of IPC?

Pareto Securities AB and ATB Securities Inc. are the firms responsible for executing the share repurchases on Nasdaq Stockholm and the TSX, respectively.

What regions does IPC operate its businesses in?

IPC operates in Canada, Malaysia, and France, demonstrating its diverse geographical presence in the oil and gas industry.

About The Author

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