IPC Announces Details for Upcoming Annual General Meeting
Key Information on the Upcoming Annual General Meeting
International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) is excited to inform shareholders about the forthcoming Annual General Meeting (the “Meeting”) tailored for holders of common shares. This significant event is set to occur at the offices of Blake, Cassels and Graydon LLP, Suite 3500, 855 - 2nd Street S.W., Calgary, Alberta, at 8:00 a.m. (Mountain time). The Meeting will take place on a Wednesday, with specific purposes outlined below.
Meeting Agenda and Key Objectives
Reviewing Financial Statements
One of the primary purposes of the Meeting is to present the audited consolidated financial statements of the Corporation. Shareholders will have the opportunity to review the financial reports for the year concluding on December 31, 2024, along with the auditor's accompanying report. This will ensure transparency and provide an insight into the Corporation's financial health.
Directorship and Governance
Additionally, the agenda includes setting the number of directors of IPC at eight and conducting elections for the eight nominees standing for director positions. These directors will serve until the next annual meeting or until their respective successors are appointed correctly. Such governance is pivotal for effective corporate management.
Appointment of Auditors
Another crucial aspect of the Meeting will be the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Corporation’s official auditor. Shareholders will be asked to authorize the directors to decide on the auditor’s remuneration. This decision is fundamental in maintaining the integrity of the Corporation’s financial practices.
Other Business Matters
Lastly, there will be discussions on any additional business that may arise during the Meeting or any subsequent adjournments. It is vital for shareholders to be aware that there are no planned management presentations concerning the Corporation's business or operations during this session.
Important Voting Information for Shareholders
Record Date and Voting Instructions
The record date for participation in the Meeting is set for March 18, 2025. Shareholders can find all relevant materials, such as the Notice of Meeting and Management Information Circular dated March 24, 2025, on the Corporation’s profile on SEDAR+. Furthermore, these documents will be accessible through IPC’s official website.
Voting for Euroclear Sweden Registered Common Shares
For shareholders possessing their common shares as Euroclear Registered Common Shares via Euroclear Sweden AB, please note that you are regarded as non-registered holders for voting purposes at the Meeting. Voting instructions will be sent by mail from Computershare AB, which requires detailed adherence to the timeline and instructions provided in the Voting Instruction Form (VIF). Understanding these directives is crucial for ensuring your vote counts in the upcoming election.
About International Petroleum Corporation
International Petroleum Corporation (IPC) stands as a prominent entity in the oil and gas exploration and production sector. It has successfully established an impressive portfolio of assets across various locations, including Canada, Malaysia, and France, creating a robust platform for both organic and inorganic growth. As a proud member of the Lundin Group of Companies, IPC is incorporated in Canada, and its shares actively trade on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol "IPCO".
Contact Information
Should you require additional information or assistance, please reach out to the following personnel:
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
When will the Annual General Meeting take place?
The Annual General Meeting is scheduled for May 7, 2025, at 8:00 a.m. Mountain time.
Where is the Meeting being held?
The Meeting will be held at the offices of Blake, Cassels and Graydon LLP in Calgary, Alberta.
What are the key items on the agenda?
The agenda includes reviewing financial statements, electing directors, and appointing auditors.
How can Euroclear registered shareholders vote?
They will receive a Voting Instruction Form from Computershare Sweden. It is essential to follow the instructions provided to vote.
Who can I contact for more information?
For further queries, you can contact Rebecca Gordon or Robert Eriksson at the provided email and telephone numbers.
About The Author
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