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Highlights
International Petroleum Corporation confirms repurchase of shares under its NCIB initiative
Transactions conducted on both TSX and Nasdaq Stockholm by authorised brokers
IPC maintains strong operational presence across Canada, Malaysia, and France
International Petroleum Corporation (TSX, Nasdaq Stockholm: IPCO), operating within the oil and gas exploration and production sector, has carried out further share repurchase activity under its ongoing normal course issuer bid. IPCO’s equity is currently traded on the Toronto Stock Exchange and Nasdaq Stockholm and is supported by a diversified portfolio with assets in Canada, Malaysia, and France.
The program aligns with IPCO's strategic objectives and continues under regulatory provisions applicable to both Canadian and Swedish jurisdictions. The NCIB is regulated in accordance with the Market Abuse Regulation of the European Union and the corresponding Safe Harbour framework.
Details of Recent Repurchase Transactions on Nasdaq Stockholm
During the most recent reporting period from June 9 to June 13, share repurchases were executed on the Nasdaq Stockholm exchange. Pareto Securities AB, acting on behalf of IPCO, facilitated the repurchase of common shares as outlined under the previously disclosed terms of the NCIB.
These purchases are being implemented with adherence to the regulatory disclosure requirements as defined in article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation. A full breakdown of these activities is provided via IPCO’s official online disclosure channel.
Share Repurchases on TSX Reflect Canadian Market Execution
In the same reporting window, additional common shares were repurchased through the facilities of the Toronto Stock Exchange. ATB Securities Inc. handled these transactions on IPCO’s behalf, ensuring compliance with Canadian securities law and TSX protocols.
All shares acquired through this program are scheduled for cancellation, which reduces the total outstanding float and aligns with the corporate objectives around capital management.
Cumulative Progress on NCIB Since Commencement
Since the NCIB program commenced in December last year, IPCO has systematically repurchased a sizeable number of its common shares. The share buyback is governed by a maximum allowable threshold set for a twelve-month period ending December this year. Transactions span both primary exchanges and are executed through licensed and compliant brokerage partners.
This initiative supports IPCO’s long-term capital allocation framework, with a focus on shareholder value and disciplined financial execution across jurisdictions where the company maintains operations.
Corporate Overview and Strategic Focus
International Petroleum Corporation continues to focus on upstream oil and gas development across multiple geographies. The company is a member of the Lundin Group of Companies and is headquartered in Canada. Its listed securities on TSX and Nasdaq Stockholm reflect its multinational presence and governance alignment across North American and European capital markets.
IPCO holds an integrated project pipeline across Canada, Malaysia, and France, which serves as a foundation for both organic and inorganic expansion. The company actively publishes transaction summaries and press releases via its investor relations portal, reflecting a commitment to transparency and market engagement.
