International petroleum corporation announces completion of annual normal course issuer bid and updated share capital

International petroleum corporation (ipc or the corporation) (tsx, nasdaq stockholm: ipco) is pleased to announce that ipc has completed the current normal course issuer bid / share repurchase program (ncib), purchasing for cancellation 7,465,356 ipc common shares between december 2024 and september 2025, representing approximately 6.2% of the total outstanding common shares at the commencement of the ncib. ipc expects to renew its ncib for a further twelve months from december 2025 to december 2026, subject to acceptance by the toronto stock exchange (tsx). under a renewed 2025/2026 ncib, ipc would be entitled to purchase on the tsx and/or nasdaq stockholm, and cancel, up to approximately 6.5 million common shares, representing approximately 5.8% of the total outstanding common shares (or 10% of ipc's “public float” under applicable tsx rules).
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