International Petroleum Corporation's Share Buyback Program
International Petroleum Corporation (IPC) has made headlines recently by announcing its impressive progress on its normal course issuer bid (NCIB). Between September 15 and 19, IPC successfully repurchased a substantial total of 59,454 ordinary shares. This initiative is part of IPC's ongoing commitment to enhancing shareholder value through strategic stock repurchases.
Details of the Share Buyback
The NCIB was initially revealed on December 3, and it is designed to be conducted in accordance with relevant regulations, including the Market Abuse Regulation (EU) No 596/2014 and the applicable rules and policies set forth by the Toronto Stock Exchange (TSX) and Nasdaq Stockholm. This structured approach ensures compliance and transparency throughout the repurchase process.
Execution of Purchases
From September 15 to 19, 2025, IPC executed a share buyback of 44,754 shares on the Nasdaq Stockholm exchange. This operation was carried out by the reputable brokerage firm Pareto Securities AB, acting on IPC's behalf. Concurrently, IPC also repurchased 14,700 shares through the Toronto Stock Exchange. ATB Securities Inc. managed these transactions, showcasing the company’s proactive strategy across multiple platforms.
Implications of Share Repurchases
All common shares acquired under the NCIB will ultimately be cancelled, effectively reducing the overall share count. As of September 19, 2025, there are 112,780,502 IPC shares issued and outstanding, which includes 483,211 shares currently held in treasury. This significant action is expected to increase earnings per share and enhance shareholder confidence.
Overall Impact on IPC's Strategy
Since the initiation of the NCIB on December 5, 2024, IPC has repurchased a grand total of 7,323,592 common shares. The total potential allocation for share repurchases under the NCIB is a maximum of 7,465,356 shares, extending until December 4, 2025, unless concluded earlier. This robust approach reflects IPC's belief in its future growth potential and the importance of providing direct returns to its investors.
About International Petroleum Corporation
International Petroleum Corporation stands out as a significant player in the global oil and gas exploration and production sector. With its well-rounded portfolio encompassing assets in Canada, Malaysia, and France, IPC is well-positioned for both organic growth and potential acquisitions. Being part of the esteemed Lundin Group of Companies, IPC benefits from a solid operational foundation and a strong market presence.
Contact Information
For any inquiries regarding IPC and its operations, interested parties can reach out to:
Rebecca Gordon
SVP Corporate Planning and Investor Relations
Email: rebecca.gordon@international-petroleum.com
Tel: +41 22 595 10 50
Or
Robert Eriksson
Media Manager
Email: reriksson@rive6.ch
Tel: +46 701 11 26 15
Frequently Asked Questions
What is the purpose of IPC's NCIB?
The NCIB is aimed at repurchasing shares to enhance shareholder value and reduce the total number of outstanding shares.
How many shares has IPC repurchased so far?
As of now, IPC has repurchased a total of 7,323,592 shares since commencing the NCIB.
Who manages the share repurchase transactions for IPC?
Pareto Securities AB and ATB Securities Inc. are responsible for managing the transactions on Nasdaq Stockholm and TSX, respectively.
What is the impact of repurchasing shares on earnings?
Repurchasing shares reduces the total outstanding shares, which can lead to an increase in earnings per share (EPS) and may contribute to higher stock prices.
What are IPC's key operational areas?
IPC operates in key markets including Canada, Malaysia, and France, focusing on oil and gas exploration and production.
