- International Petroleum Corporation (IPCO) has repurchased extra 74,410 IPC common shares under a share-repurchase program
- The purchases were made from September 19 to 23, 2022
- IPC announced the share-repurchase program on December 1, 2021, which is being implemented in accordance with the Market Abuse Regulation
- Since December 3, 2021, a total of 9,070,936 IPC common shares have been repurchased under the share-repurchase program through the trading systems
- International Petroleum Corp. (IPC) is an international oil and gas exploration and production company located in Canada, Malaysia and France
- International Petroleum Corporation opened trading at $10.23 per share
International Petroleum Corporation (IPCO) has repurchased a total of 74,410 IPC common shares from September 19 to 23, 2022.
IPC announced the share-repurchase program on December 1, 2021, which 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.
From September 19 to 23, 2022, IPC purchased all of the 74,410 IPC common shares on the TSX and/or alternative Canadian trading systems.
ATB Capital Markets Inc. executed all of these share repurchases on behalf of IPC.
All common shares repurchased by IPC under the share-repurchase program will be cancelled.
As of September 23, 2022, the total number of issued and outstanding IPC common shares was 138,315,375 with voting rights, of which 276,618 common shares were held by IPC in treasury.
From the beginning of this process on December 3, 2021, to the end of September 23, 2022, a total of 9,070,936 common shares have been repurchased under the program.
A maximum of 11,097,074 IPC common shares may be repurchased over the period of twelve months between December 3, 2021, and December 2, 2022.
International Petroleum Corp. (IPC) is an international oil and gas exploration and production company located in Canada, Malaysia and France.
International Petroleum Corporation opened trading at $10.23 per share.