International Petroleum Corporation's Stock Repurchase Update

Author: Ryan Hughes Updated: 03-31-2025 11:47 AM

International Petroleum Corporation Updates Share Repurchase Program

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) has announced its recent share repurchase activities during the implementation of its normal course issuer bid (NCIB).

Highlights of the Recent Share Repurchases

During late March 2025, IPC successfully repurchased 199,956 common shares under its ongoing NCIB. This initiative aligns with IPC's strategy to enhance shareholder value, showcasing a proactive approach to managing its capital structure.

Share Repurchase Details

Of the total repurchased shares, 135,000 were acquired on the Nasdaq Stockholm exchange, executed through Pareto Securities AB, while the remaining 64,956 shares were repurchased on the Toronto Stock Exchange (TSX) via ATB Securities Inc. All shares acquired under the NCIB will be cancelled, further streamlining the corporation's outstanding shares.

Total Shares and Ongoing Buyback Program

As of March 31, 2025, IPC's total issued and outstanding common shares stand at 115,176,514. Notably, during March 2025 alone, the corporation cancelled 1,233,054 common shares, affirming its commitment to maintaining an efficient capital framework.

Future Share Buyback Prospects

IPC's buyback program has the potential for extensive participation. It allows for repurchases of up to 7,465,356 shares within the twelve-month period commencing December 5, 2024, and offers flexibility should market conditions permit. As of late March 2025, a cumulative total of 4,494,369 shares have been repurchased under this NCIB.

About International Petroleum Corporation

International Petroleum Corporation is a dynamic oil and gas exploration and production enterprise with a diverse asset portfolio in regions such as Canada and Europe. Its strategic positioning within the Lundin Group empowers IPC to leverage organic and inorganic growth opportunities effectively, ensuring a robust foundation for future expansions.

Corporate Strategy and Growth Outlook

IPC remains focused on its objective of delivering solid returns to shareholders while exploring underlying growth opportunities. Utilizing a calculated blend of capital and operational effectiveness will enable the corporation to navigate potential market challenges and capitalize on favorable conditions.

Contact Information

For inquiries or further information, please reach out to:

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

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

Frequently Asked Questions

What is the purpose of the NCIB for IPC?

The NCIB aims to enhance shareholder value by allowing IPC to repurchase its own shares at opportune times, thus potentially increasing earnings per share and providing liquidity.

How many shares has IPC repurchased so far?

As of the latest update, IPC has repurchased a total of 4,494,369 common shares under its NCIB program since it began on December 5, 2024.

When did the recent share repurchase take place?

The recent share repurchases occurred from March 24 to March 31, 2025, totaling 199,956 common shares.

Who manages the share repurchase on the stock exchanges?

The share repurchases are managed by Pareto Securities AB on Nasdaq Stockholm and ATB Securities Inc. on the Toronto Stock Exchange.

What are IPC's future plans regarding share repurchases?

IPC has a plan in place to potentially repurchase 7,465,356 shares over a period of twelve months, reflecting its confidence in future market conditions and growth strategy.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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