International Petroleum Corporation Increases Share Buyback Program
International Petroleum Corporation Enhances Share Buyback Program
International Petroleum Corporation (IPC) is excited to share its recent activity regarding the repurchase of its own shares as part of its normal course issuer bid (NCIB). Recently, IPC successfully repurchased a total of 144,952 of its common shares, a clear indication of the company's commitment to returning value to its shareholders.
Understanding IPC's Normal Course Issuer Bid
Announced on December 3, 2024, IPC's NCIB is designed to allow the company to buy back shares in a way that complies with relevant regulations and guidelines. Utilizing the provisions set by the Market Abuse Regulation (MAR) and the Safe Harbour Regulation, IPC navigates the complexities of share repurchase with the utmost transparency and adherence to financial laws.
Recent Share Repurchase Activity
During a recent five-day period from August 11 to 15, IPC repurchased a noteworthy amount of shares. Specifically, 88,052 common shares were acquired on Nasdaq Stockholm, managed by Pareto Securities AB on IPC's behalf. The activity reflects IPC’s strategy to reduce the number of shares available in the market, thereby enhancing the overall value of remaining shares for existing shareholders.
Listings and Market Impact
IPC's common shares are listed on two major exchanges: the Toronto Stock Exchange (TSX) and Nasdaq Stockholm. This dual listing allows IPC to tap into a broader market, providing improved liquidity and visibility among international investors. The shares acquired through the NCIB will be cancelled, reducing the total shares outstanding and potentially increasing the value for those remaining.
Future of the Share Buyback Program
As of August 15, 2025, IPC's total issued and outstanding common shares stand at 113,278,532. With an ambitious plan, IPC has repurchased a total of 6,636,203 shares since the beginning of the NCIB program. Up to 7,465,356 shares may be repurchased over the twelve months, marking a significant commitment to shareholder engagement and financial discipline.
The Role of International Petroleum Corporation
International Petroleum Corporation is more than just a company focused on share repurchase; it is an influential player in the oil and gas exploration and production sectors. With a diverse portfolio encompassing assets in regions such as Canada, Malaysia, and France, IPC is well-positioned for sustainable growth. Being part of the esteemed Lundin Group of Companies, IPC benefits from a robust support network that enhances its operational capabilities.
IPC's Core Values and Strategic Vision
IPC operates with a vision that prioritizes organic growth while also being open to strategic acquisitions that can bolster its position in the market. The company’s dedication to efficiency and operational excellence is reflected in its decisions to engage in share buybacks, which ultimately helps improve shareholders' returns.
Contact Information for IPC Inquiries
For anyone requiring further information about IPC's recent activities, they can reach out to:
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 normal course issuer bid (NCIB) for IPC?
The NCIB is a program allowing IPC to repurchase its own shares from the market, thereby reducing the total number of outstanding shares and potentially increasing shareholder value.
How many shares did IPC repurchase recently?
Recently, IPC repurchased a total of 144,952 common shares, demonstrating its commitment to returning capital to shareholders.
Where are IPC shares listed?
IPC shares are listed on the Toronto Stock Exchange (TSX) and Nasdaq Stockholm, providing access to multiple investor markets.
What is IPC's share repurchase strategy moving forward?
IPC plans to repurchase up to 7,465,356 shares over a twelve-month period as part of its NCIB, indicating a strong commitment to its shareholders.
How can I get more information about IPC?
For more information, you can contact IPC directly via their corporate planning and investor relations team or media manager using the details provided above.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
