International Petroleum Corporation's Share Repurchase Progress

Author: Dylan Bailey Updated: 08-29-2025 11:47 AM

International Petroleum Corporation Updates Share Repurchase Program

International Petroleum Corporation (IPC) is excited to share recent developments regarding its normal course issuer bid and stock buyback initiative. The Corporation successfully repurchased a total of 289,393 IPC common shares within a specific reporting period under its normal course issuer bid (NCIB).

Overview of the Buyback Program

Initiated on December 3 in 2024, IPC's NCIB demonstrates its commitment to bolster shareholder value. The program adheres to the stringent Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation providing robust safeguards for investors.

Transaction Summary

During the reporting window, which spanned from August 25 to August 29, IPC made notable strides on Nasdaq Stockholm, repurchasing a substantial 244,993 shares through its broker, Pareto Securities AB. Additionally, the Toronto Stock Exchange (TSX) saw IPC acquire 44,400 shares, facilitated by ATB Securities Inc.

Impact of Share Repurchases

Every repurchased share contributes to the Corporation's efforts to enhance its capital structure, with all shares acquired under the NCIB slated for cancellation. IPC cancelled 448,030 common shares in August, signalling confidence in their strategy.

Current and Future Share Structure

As of the end of August, the total outstanding IPC common shares stood at 112,830,502, which includes 217,993 shares held in treasury. This strategic buyback initiative showcases IPC's proactive approach to managing its share capital.

Broader Context of IPC's Operations

International Petroleum Corporation is recognized for its dynamic portfolio, involved in oil and gas exploration and production across multiple regions including Canada, Malaysia, and France. Backed by the renowned Lundin Group, IPC is strategically positioned for organic and inorganic growth, driving value for its shareholders.

Future Outlook

Since the commencement of its NCIB, IPC has repurchased a total of 7,058,374 common shares. The maximum buyback limit is set at 7,465,356 shares over a 12-month period, which runs through December 4, 2025. This strategic focus aims not only at enhancing shareholder value but also reflects IPC's robust financial positioning.

Contact Information

For more details about this program, please reach out to:

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

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

Frequently Asked Questions

What is IPC's normal course issuer bid (NCIB)?

IPC's NCIB is a program through which the company repurchases its own shares to enhance shareholder value.

How many shares did IPC repurchase recently?

Recently, IPC repurchased a total of 289,393 shares during the specified period under its NCIB.

Which platforms facilitated IPC's share buyback?

IPC's share repurchases were carried out on Nasdaq Stockholm and the Toronto Stock Exchange (TSX).

What is the maximum number of shares IPC plans to repurchase?

The maximum number of shares IPC can repurchase under the current NCIB is 7,465,356.

How does IPC plan to use the repurchased shares?

All repurchased shares under the NCIB will be cancelled to optimize the company’s capital structure.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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