Recent Voting Results Highlight International Petroleum Corp's Strength
Significant Milestones from the Recent AGM of International Petroleum Corporation
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is excited to share insightful details from the outcomes of its 2025 Annual General Meeting of Shareholders. The meeting, an important event for all shareholders, took place in Calgary, and provided an opportunity to reflect on the corporation's progress.
Setting the Stage: Number of Directors
The board of directors of IPC has been officially set to consist of eight members. This decision represents a strategic approach to governance, ensuring a diverse range of skills and experiences contribute to the company's direction and performance.
Election Results: Directors Elected by Shareholders
During the meeting, the eight nominees outlined in the management information circular were elected as directors. These elections were conducted with a clear majority, validating the trust shareholders place in the leadership.
The votes demonstrated overwhelming support for the nominees:
| Nominee | Votes For | % For | Votes Withheld | % Withheld |
|---|---|---|---|---|
| C. Ashley Heppenstall | 60,675,041 | 97.76 | 1,391,621 | 2.24 |
| William Lundin | 61,771,676 | 99.52 | 294,986 | 0.48 |
| Chris Bruijnzeels | 55,217,620 | 88.97 | 6,849,042 | 11.03 |
| Donald Charter | 61,638,931 | 99.31 | 427,731 | 0.69 |
| Lukas H. (Harry) Lundin | 61,665,996 | 99.35 | 400,666 | 0.65 |
| Emily Moore | 61,832,709 | 99.62 | 233,953 | 0.38 |
| Mike Nicholson | 61,665,366 | 99.35 | 401,296 | 0.65 |
| Deborah Starkman | 61,673,369 | 99.37 | 393,293 | 0.63 |
Appointment of Auditor: A Solid Foundation for Financial Integrity
Furthermore, IPC shareholders approved the appointment of PricewaterhouseCoopers LLP as the auditor for the corporation. This decision underscores the company’s commitment to financial transparency and adherence to best practices in financial reporting.
The votes regarding the auditor appointment were also encouraging, reflecting shareholders’ trust in maintaining robust audit practices:
| Votes For | % For | Votes Withheld | % Withheld |
|---|---|---|---|
| 62,220,145 | 99.98 | 12,337 | 0.02 |
International Petroleum Corporation: A Global Player
International Petroleum Corporation stands out as a significant player in the oil and gas exploration and production sector. With high-quality assets located in diverse regions including Canada, Malaysia, and Europe, IPC is well-positioned for both organic and inorganic growth opportunities.
Belonging to the reputable Lundin Group of Companies, IPC is incorporated in Canada, with its shares traded on both the Toronto Stock Exchange (TSX) and Nasdaq Stockholm under the symbol "IPCO". This dual listing strengthens its visibility and accessibility to international investors.
For any inquiries or further information regarding IPC's recent activities, stakeholders can reach out to:
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
What were the main outcomes of the IPC AGM?
The main outcomes included the election of eight directors and the appointment of PricewaterhouseCoopers LLP as the auditor.
How many directors were elected during the AGM?
Eight directors were elected to serve on the board of IPC, showcasing strong shareholder support.
What is the significance of the percentage of votes received?
The high percentages of votes for the directors reflect shareholders' confidence in the leadership and strategic direction of IPC.
Who should shareholders contact for more information?
Shareholders can contact Rebecca Gordon or Robert Eriksson for any queries related to the AGM and IPC's operations.
Where is IPC's stock listed?
IPC's shares are traded on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol "IPCO".
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