Key Takeaways
- International Petroleum repurchased 148,500 common shares between September 21 and 25, 2026.
- The purchases included 100,000 shares on Nasdaq Stockholm and 48,500 shares on the TSX.
- Total NCIB repurchases reached 1,099,086 shares, with up to 6,468,077 shares authorized through December 4, 2026.
IPC Repurchases 148,500 Shares
International Petroleum announced on September 28, 2026, that it repurchased a total of 148,500 common shares between September 21 and 25 under its previously announced normal course issuer bid, or NCIB.
The company purchased 100,000 shares on Nasdaq Stockholm during the period. The remaining 48,500 shares were acquired through the TSX.
The Stockholm transactions were carried out by Pareto Securities AB on behalf of International Petroleum, while ATB Securities Inc. executed the purchases on the TSX.
More Than 1 Million Shares Repurchased
The latest transactions bring the total number of common shares repurchased under the NCIB to 1,099,086 through September 25, 2026.
International Petroleum said all common shares repurchased under the program will be cancelled. As of September 25, the company had 112,159,304 issued and outstanding common shares with voting rights and held 431,638 common shares in treasury.
The company is authorized to repurchase a maximum of 6,468,077 common shares under the current NCIB. The program can continue until December 4, 2026, unless it is completed or terminated earlier.
Buyback Covers Two Stock Exchanges
International Petroleum's common shares trade on both the TSX and Nasdaq Stockholm under the ticker IPCO.
The NCIB is being implemented under the European Union's Market Abuse Regulation and Safe Harbour Regulation, as well as applicable TSX, Nasdaq Stockholm, Canadian and Swedish rules and laws. The program was announced on December 3, 2025.
The latest disclosure reports activity for September 21 to 25 and separates purchases between the company's two listed markets.
Program Terms and Share Count
The company said the repurchased shares will be cancelled. Its September 25 disclosure separately reported the outstanding common-share count, treasury shares and the cumulative number repurchased under the NCIB.
The program's maximum authorization of 6,468,077 shares is distinct from the 1,099,086 shares repurchased through September 25. The authorization remains subject to the program's December 4, 2026 expiry, unless the NCIB is completed or terminated earlier.
TwikUp's Perspective
The latest buyback update gives investors another measurable indicator of how International Petroleum is deploying its existing NCIB authorization.
The most important figure to track over subsequent announcements is the cumulative number of shares repurchased relative to the program's maximum authorization. The current total of 1,099,086 shares provides a clear reference point for future disclosures.
The cancellation of repurchased shares means the company's share count can change as the program progresses. The announcement does not specify a planned future pace of purchases.
Investors should distinguish between the number of shares already repurchased, the maximum number permitted under the NCIB and the reported outstanding share count. These figures may change as International Petroleum continues reporting activity through December 4, 2026.