Stockholm, April 24, 2017 — Nasdaq (Nasdaq: NDAQ) announces that the trading in International Petroleum Corporation’s shares (short name: IPCO) commenced today on Nasdaq First North in Stockholm. International Petroleum Corporation (“IPC”) belongs to the oil and gas sector and is the 31 st company to be admitted to trading on Nasdaq’s Nordic markets* in 2017.
IPC is an international oil and gas exploration and production company incorporated in Canada. The company’s portfolio includes assets located in Europe and South East Asia, and its strategy is to grow both organically and to acquire additional reserves and resources in the production and/or development stage. IPC was established in 2017 and is a member of the Lundin Group of companies. For more information, please visit www.international-petroleum.com .
“I am very pleased to be leading the launch of this exciting new Lundin Group growth company,” said Mike Nicholson, CEO of IPC. “Starting at a favourable point in the cycle, we are fortunate to begin with a solid asset base, a strong balance sheet and an excellent team of people who know how to create value in the oil and gas business. With a deeply experienced Board and strong support from the Lundin family, we have all the ingredients required to build a successful independent upstream company in the years ahead.”
“We welcome IPC to Nasdaq First North,” said Adam Kostyál, SVP and Head of European listings at Nasdaq. “We congratulate IPC on its successful listing, and look forward to supporting the company on its continued journey as a publicly traded company.”
International Petroleum Corporation has appointed Pareto Securities AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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| Media Relations Contact: Erik Granström +46 8 405 78 07 erik.granstrom@nasdaq.com |
