International Petroleum Corporation's Share Buyback Program
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) has demonstrated its commitment to increasing shareholder value by repurchasing a total of 59,454 IPC common shares from September 15 to 19, 2025. This initiative is part of IPC's ongoing normal course issuer bid and reflects the corporation's strategic approach to maintain robust market presence.
Highlights of the Normal Course Issuer Bid
IPC's normal course issuer bid (NCIB), officially initiated on December 3, 2024, follows stringent regulations under the Market Abuse Regulation (EU) No 596/2014 and related regulations applicable on the Toronto Stock Exchange (TSX) and Nasdaq Stockholm. The buyback strategy allows IPC to acquire its shares efficiently while adhering to legal compliance in both Sweden and Canada.
Recent Transactions
In the reported week, IPC executed a significant portion of its buyback on Nasdaq Stockholm, totaling 44,754 common shares, with transactions facilitated by Pareto Securities AB on behalf of IPC. In parallel, the corporation purchased 14,700 common shares through the Toronto Stock Exchange, executed by ATB Securities Inc. These strategic moves aim to enhance shareholder value while demonstrating IPC's active management of its capital.
Impact on Share Structure
As of September 19, 2025, following the buyback operations, IPC recorded a total of 112,780,502 issued and outstanding common shares with voting rights. Of these, IPC retains 483,211 shares in treasury for future strategic initiatives. All shares repurchased under the NCIB are set to be cancelled, underscoring IPC's commitment to maintaining an efficient capital structure.
Cumulative Buybacks
Since the inception of the NCIB on December 5, 2024, IPC has successfully repurchased a cumulative total of 7,323,592 shares by September 19, 2025. The plan permits a maximum repurchase of 7,465,356 shares over a twelve-month period, which provides IPC with a strategic avenue to manage its share capital proactively.
About International Petroleum Corporation
International Petroleum Corporation is a global player in the oil and gas sector, focusing on exploration and production across key locations, including Canada, Malaysia, and France. With a strong portfolio, IPC is well-positioned for both organic and inorganic growth, benefiting from its affiliation with the Lundin Group of Companies. IPC operates under the symbol "IPCO" on both the Toronto Stock Exchange and Nasdaq Stockholm, showcasing its market presence and investment appeal.
Contact Information for Further Inquiries
For any further inquiries, interested parties can 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 main purpose of IPC's share repurchase program?
The primary goal of IPC's share repurchase program is to enhance shareholder value by reducing the number of outstanding shares, thereby potentially increasing the stock’s value over time.
How many shares has IPC repurchased to date?
As of September 19, 2025, IPC has repurchased a total of 7,323,592 common shares under its normal course issuer bid.
Who manages the share repurchase transactions for IPC?
The transactions for share repurchases are managed by financial institutions such as Pareto Securities AB and ATB Securities Inc., ensuring compliance and efficiency.
How does the NCIB align with IPC’s long-term strategy?
The normal course issuer bid is a strategic maneuver aligned with IPC’s long-term objectives to optimize capital structure and deliver shareholder returns consistently.
Where can I find more information about IPC's financial activities?
Additional information on IPC's financial activities can be accessed through their official website and financial reports filed with regulatory authorities.
