International Petroleum Corporation (TSE:IPCO) has released an update.
International Petroleum Corporation (IPC) has recently bought back 124,400 of its common shares as part of its ongoing share repurchase program. This initiative, which was initially announced in December last year, aims to reduce the number of outstanding shares and will see repurchased stocks cancelled. Since the program’s inception, IPC has bought back over 7.6 million shares, approaching the 8.34 million share cap set for the twelve-month period ending in December 2024.
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