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International Petroleum Corporation (TSX:IPCO) announces results of share -repurchase program

Energy
TSX:IPCO
25 July 2022 08:30 (EDT)
International Petroleum Corporation - CEO, Mike Nicholson

Source: Dagens Industri

International Petroleum Corporation (IPCO) has repurchased a total of 1,095,512 common shares under the previously announced share-repurchase program.

Between July 18 and 22, 2022, the company repurchased a total of 1,025,402 IPC common shares on Nasdaq Stockholm.

IPC purchased a total of 70,110 IPC common shares on the TSX and/or alternative Canadian trading systems during the same period.

All common shares repurchased by IPC under the share-repurchase program will be cancelled.

Following the cancellation of shares repurchased up to July 22, 2022, the total number of issued and outstanding IPC common shares will be 139,407,607 and IPC will not hold any common shares in treasury.

As at July 22, 2022, the total number of issued and outstanding shares was 142,707,949 and IPC held 3,300,342 common shares in treasury.

Since December 3, 2021 up to and including July 22, 2022, a total of 7,702,086 IPC common shares have been repurchased under the share-repurchase program through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems.

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 located in Canada, Malaysia and France.

International Petroleum Corporation opened trading at $13.35.


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