IPC's Commitment to Shareholder Value through Buybacks
International Petroleum Corporation (IPC) has initiated its Normal Course Issuer Bid (NCIB) program to enhance shareholder value and respond strategically to market conditions. This important step was initiated following a notice on December 3, 2024, and adheres to strict regulations ensuring compliance with securities laws and stock exchange regulations.
Recent Share Repurchases: July 1-4, 2025
During the period from July 1 to 4, 2025, IPC saw success in its share buyback strategy, repurchasing a total of 60,000 common shares on Nasdaq Stockholm. These transactions were executed by Pareto Securities AB on behalf of IPC, marking a significant phase in the company’s efforts to reduce share count and increase earnings per share.
TSX Repurchases and Overall Impact
In conjunction with activity on Nasdaq Stockholm, IPC also repurchased an additional 16,000 common shares on the Toronto Stock Exchange (TSX). These transactions facilitate the overall reduction of outstanding shares, reflecting IPC's proactive approach to managing its share structure in a fluctuating market.
Long-term Vision for Shareholders
As stated, all purchased shares under the NCIB will be cancelled, clearly indicating IPC’s commitment to conserving shareholder value. By July 4, 2025, IPC had repurchased a total of 6,392,351 common shares since the program's inception. The total outstanding shares now stand at 113,354,532, which includes 76,000 shares held in treasury.
Future Authorized Buys
This NCIB is designed to allow for up to 7,465,356 shares to be bought back within a twelve-month timeframe, stretching from December 5, 2024, to December 4, 2025. This strategic initiative ensures that IPC can offer returns to its shareholders while simultaneously aligning the company’s long-term growth objectives.
IPC Overview: A Look at the Company
As an international oil and gas exploration and production entity, International Petroleum Corporation holds a diverse portfolio of assets primarily located in Canada, Malaysia, and France. IPC operates under the umbrella of the Lundin Group of Companies, utilizing its geographical advantages to position itself for sustainable growth and operational success. Its common shares trade under the stock ticker symbol 'IPCO' on both the TSX and Nasdaq Stockholm exchanges, highlighting its dual market presence.
Contact Information
For inquiries or further information, shareholders and interested parties can reach out to the following contacts:
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 the purpose of IPC's Normal Course Issuer Bid?
The NCIB allows IPC to repurchase its common shares to enhance shareholder value and manage its share structure in response to market conditions.
How many shares has IPC repurchased so far?
As of July 4, 2025, IPC has repurchased a total of 6,392,351 common shares since the program's launch.
Which exchanges are IPC shares traded on?
IPC's shares are listed on both the Toronto Stock Exchange (TSX) and Nasdaq Stockholm under the symbol 'IPCO'.
What is the maximum number of shares IPC can repurchase?
IPC can repurchase up to 7,465,356 shares during the NCIB period, which runs from December 5, 2024, to December 4, 2025.
How does the share repurchase affect shareholders?
The buybacks may improve earnings per share by reducing the total number of shares outstanding, thus offering better returns for shareholders.
