International Petroleum Corporation (TSE:IPCO) has released an update.
International Petroleum Corporation successfully repurchased 109,280 of its common shares as part of an ongoing normal course issuer bid program, with transactions conducted on both Nasdaq Stockholm and the Toronto Stock Exchange. The shares acquired between June 24 and 28, 2024, will be cancelled, reducing the total issued and outstanding shares to 123,271,885. This forms part of a broader buyback program that commenced in December 2023, aiming for a maximum of 8,342,119 shares to be repurchased within a year.
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