International Petroleum Corporation (TSE:IPCO) has released an update.
International Petroleum Corporation has actively bought back 258,760 of its own shares as part of its ongoing share repurchase program between July 1st and 5th, 2024, across both Nasdaq Stockholm and the Toronto Stock Exchange. The repurchased shares are set to be cancelled, contributing to a reduced total number of outstanding shares with voting rights. Since the program’s inception in December 2023, IPC has repurchased over 5 million shares, with a goal to potentially buy up to over 8 million shares within a year.
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