International Petroleum Announces Results of Share Repurchase Program

Source: www.gulfoilandgas.com 7/25/2022, Location: North America

International Petroleum Corporation (IPC or the Corporation) is pleased to announce that IPC repurchased a total of 1,095,512 IPC common shares (ISIN: CA46016U1084) during the period of July 18 to 22, 2022 under the previously announced share repurchase program.

The share repurchase program, announced by IPC on December 1, 2021, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and the applicable rules and policies of the Toronto Stock Exchange (TSX) and Nasdaq Stockholm and applicable Canadian and Swedish securities laws.

During the period of July 18 to 22, 2022, IPC repurchased a total of 1,025,402 IPC common shares on Nasdaq Stockholm. All of these share repurchases were carried out by Pareto Securities AB on behalf of IPC.


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