IPC repurchases 107,393 shares under NCIB

what happened

According to GlobeNewswire, International Petroleum Corporation (IPC) repurchased 107,393 common shares between October 5 and 9, 2026, under its previously announced normal course issuer bid (NCIB). The shares carry ISIN CA46016U1084, and IPC is listed on the TSX and Nasdaq Stockholm under the symbol IPCO.

IPC bought 67,393 shares on Nasdaq Stockholm, with Pareto Securities AB executing the transactions on its behalf. A further 40,000 shares were purchased on the TSX through ATB Securities Inc. All shares repurchased under the NCIB will be cancelled.

As of October 9, 2026, IPC had 111,727,666 issued and outstanding common shares with voting rights, including 205,790 common shares held in treasury. Cumulative purchases under the NCIB through the TSX and Nasdaq Stockholm reached 1,304,876 shares. The company may repurchase up to 6,468,077 additional shares through December 4, 2026, or until the program is completed or terminated earlier.

Announced on December 3, 2025, the NCIB is being conducted under Market Abuse Regulation (EU) No 596/2014, the Safe Harbour Regulation and the applicable rules of the TSX and Nasdaq Stockholm, as well as Canadian and Swedish securities laws. IPC is a Canadian oil and gas exploration and production company with assets in Canada, Malaysia and France and is a member of the Lundin Group of Companies.

why it matters

The buyback reduces the number of shares outstanding; market participants will focus on the purchases completed so far and the remaining authorization.

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