IPC Shares Buyback Program Results Highlight Strong Strategy

Author: Kelly Martin Updated: 05-19-2025 04:02 AM

International Petroleum Corporation's Recent Share Buyback

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) has successfully executed a significant share repurchase program, reinforcing its commitment to enhance shareholder value. From May 12 to 16, IPC repurchased a total of 146,900 common shares, marking a notable phase in its normal course issuer bid (NCIB).

Details of the Share Buyback Program

Launched in December 2024, IPC’s NCIB is designed to buy back shares in the open market, complying with the applicable regulations and market rules. During the specified period, IPC focused on maximizing shareholder returns by repurchasing 100,000 shares on Nasdaq Stockholm, facilitated by Pareto Securities AB, and an additional 46,900 shares on the Toronto Stock Exchange (TSX) through ATB Securities Inc.

Understanding the NCIB Regulations

The NCIB program holds strict adherence to regulatory frameworks, specifically the Market Abuse Regulation (EU) and the associated Canadian and Swedish securities laws. IPC is dedicated to maintaining transparency during the share repurchase process, ensuring that all transactions align with these guidelines.

Impacts of Share Repurchase on IPC

All shares repurchased under this program will be canceled, effectively reducing the total number of outstanding shares. As of May 16, 2025, IPC has 114,248,119 common shares issued, which includes 422,060 shares held in treasury. The cumulative share repurchases since the program's inception have reached 5,844,824 shares, with a ceiling of 7,465,356 shares allowed for repurchase through December 4, 2025.

Future Plans and Shareholder Value

IPC is committed to continuing its share repurchase initiative as part of its strategy to return value to shareholders. This deliberate financial maneuver not only boosts investor confidence but also reflects IPC's belief in the intrinsic value of its shares.

Operational Overview of International Petroleum Corporation

IPC is positioned as a prominent player in the oil and gas sector, with operations spanning Canada, Malaysia, and France. The company's diverse portfolio supports both organic growth and the pursuit of strategic acquisitions, positioning it favorably in the competitive energy landscape. Being part of the Lundin Group, IPC channels substantial resources into optimizing its operational capabilities.

Contact Information for Interested Parties

For those seeking additional information regarding IPC and its initiatives, the company encourages inquiries through its designated contacts.

Rebecca Gordon
SVP Corporate Planning and Investor Relations
Tel: +41 22 595 10 50

Robert Eriksson
Media Manager
Tel: +46 701 11 26 15

Frequently Asked Questions

What is the purpose of IPC's share buyback program?

The share buyback program aims to return value to shareholders by reducing the number of outstanding shares, thus potentially increasing share value.

How many shares has IPC repurchased recently?

IPC has repurchased a total of 146,900 shares during the period from May 12 to 16 as part of its ongoing buyback strategy.

What regulations govern the share repurchases?

IPC's NCIB is governed by the Market Abuse Regulation (EU) and applicable Canadian and Swedish securities laws, ensuring compliance and transparency.

How does the share buyback impact IPC's outstanding shares?

Repurchased shares are canceled, which decreases the total number of outstanding shares, thereby potentially enhancing the value of remaining shares.

Who can I contact for more information about IPC?

For inquiries, interested parties can contact Rebecca Gordon, SVP Corporate Planning and Investor Relations, or Robert Eriksson, Media Manager.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

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