International Petroleum Corporation - CEO, Mike Nicholson
CEO, Mike Nicholson
Source: Dagens Industri
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  • International Petroleum Corporation (IPCO) has repurchased an additional 69,910 IPC common shares from August 15 to 19, 2022
  • This is in line with the earlier-announced share-repurchase program
  • This brings the total number of shares the company has repurchased since December 3, 2021 under the program to 8,729,608 IPC common shares
  • The share-repurchase program is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation)
  • International Petroleum Corp. (IPC) is an international oil and gas exploration and production company
  • International Petroleum Corporation opened the day’s trading at $13.46 per share

The International Petroleum Corporation (IPCO) has repurchased an additional 69,910 IPC common shares from August 15 to 19, 2022.

This brings the total number of shares the company has repurchased since December 3, 2021, to 8,729,608 IPC common shares under the program.

The share-repurchase program was conducted through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems.

The share-repurchase program, announced by IPC on December 1, 2021, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange (TSX) and Nasdaq Stockholm and applicable Canadian and Swedish securities laws.

All shares repurchased by IPC under the share-repurchase program will be cancelled. Following the cancellation of the shares repurchased up to August 19, 2022, the total number of issued and outstanding IPC common shares will be 138,380,085.

As at August 19, 2022, the total number of issued and outstanding IPC common shares was 139,377,607 with voting rights and IPC held 997,522 common shares in treasury.

A maximum of 11,097,074 IPC common shares may be repurchased over the period of twelve months commencing December 3, 2021 and ending December 2, 2022, or until such earlier date as the share repurchase program is completed or terminated by IPC.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a portfolio of assets in Canada, Malaysia and France.

International Petroleum Corporation opened the day’s trading at $13.46 per share.


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