International Petroleum Corporation Announces Completion of Annual Normal Course Issuer Bid and Updated Share Capital

TORONTO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC has completed the current normal course issuer bid / share repurchase program (NCIB), purchasing for cancellation 7,465,356 IPC common shares between December 2024 and September 2025, representing approximately 6.2% of the total outstanding common shares at the commencement of the NCIB. IPC expects to renew its NCIB for a further twelve months from December 2025 to December 2026, subject to acceptance by the Toronto Stock Exchange (TSX). Under a renewed 2025/2026 NCIB, IPC would be entitled to purchase on the TSX and/or Nasdaq Stockholm, and cancel, up to approximately 6.5 million common shares, representing approximately 5.8% of the total outstanding common shares (or 10% of IPC’s “public float” under applicable TSX rules).

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