International Petroleum Co (TSE:IPCO) has released an update.
International Petroleum Corporation has successfully bought back 245,200 of its common shares between May 1 and May 10, 2024, as part of its ongoing share repurchase program. The repurchases, in line with regulatory compliance, took place on both Nasdaq Stockholm and the Toronto Stock Exchange, with all acquired shares set to be cancelled. Since the initiation of the program in December last year, IPC has repurchased over 3 million shares, with the potential to buy back up to approximately 8.3 million shares within a year.
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