International Petroleum Corporation (TSE:IPCO) has released an update.
International Petroleum Corporation (IPC) has actively repurchased 230,519 of its common shares under its normal course issuer bid program, with transactions on both Nasdaq Stockholm and the Toronto Stock Exchange. These buybacks, part of a larger plan announced in December 2023, contribute to the reduction of outstanding shares, aiming to enhance shareholder value. As of July 26, 2024, IPC has bought back nearly 6 million shares with the potential to acquire over 2 million more within the authorized 12-month period.
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