International Petroleum Co (TSE:IPCO) has released an update.
International Petroleum Corporation (IPC) has reported the repurchase of 141,418 common shares between April 15 and 19, 2024, under its ongoing normal course issuer bid program, with transactions taking place on both Nasdaq Stockholm and the Toronto Stock Exchange. These shares will be cancelled, reducing the outstanding shares and potentially increasing the value for existing shareholders. Since the start of the program in December 2023, IPC has repurchased nearly 3 million shares, with a maximum target of over 8 million shares by December 2024.
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