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International Petroleum Corporation continues its share buyback program

International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.

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International Petroleum Corporation (IPC), listed on the Toronto Stock Exchange (TSX) and Nasdaq Stockholm, is continuing the execution of its ongoing share buyback program. Between February 3 and February 7, 2025, IPC acquired a total of 407,001 common shares under its Normal Course Issuer Bid (NCIB).

Transactions on stock markets

On the Swedish Nasdaq Stockholm market, IPC purchased 330,941 common shares. These acquisitions were executed by Pareto Securities AB, acting on behalf of the company. Additionally, on the Canadian TSX market, IPC repurchased 76,060 common shares through ATB Securities Inc.

Regulatory framework and strategy

This share buyback program falls within the regulatory framework of the European Union’s Market Abuse Regulation (MAR) and the Safe Harbour Regulation. It also complies with the rules and policies in place on the TSX and Nasdaq Stockholm, as well as Canadian and Swedish securities laws.

Impact on share capital

All repurchased shares will be canceled, thereby reducing the number of shares in circulation. As of February 7, 2025, IPC has 117,781,927 shares outstanding with voting rights, of which 508,853 are held in treasury by the company. Since the program’s launch on December 5, 2024, IPC has repurchased a total of 2,609,627 shares. The program allows for a maximum repurchase of 7,465,356 shares until December 4, 2025, unless suspended earlier.

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