PriceSensitive

International Petroleum (TSX:IPCO) updates share repurchase program

Energy
TSX:IPCO
29 July 2022 14:00 (EDT)

Source: International Petroleum Corp.

Under its share repurchase program, International Petroleum Corporation (IPCO) repurchased 552,600 of its common shares from July 25 to 29, 2022.

The company repurchased a total of 493,000 common shares on Nasdaq Stockholm and purchased a total of 59,600 IPC common shares on the TSX.

All common shares repurchased by IPC under the share repurchase program will be cancelled. IPC cancelled 8,258,064 common shares repurchased under the substantial issuer bid and 3,330,342 common shares repurchased during July 2022.

The total number of issued and outstanding IPCO common shares is 139,377,607 and IPC holds 522,600 common shares in treasury, which will be cancelled in August 2022.

International Petroleum (IPCO) is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia, and France, providing a solid foundation for organic and inorganic growth.

International Petroleum (IPCO) is up 3.96 per cent, currently trading at C$15.87 as of 2:15 pm ET.


Related News