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Yahoo
27-05-2025
- Business
- Yahoo
EQT AB resolves on repurchase of own ordinary shares
STOCKHOLM, May 27, 2025 /PRNewswire/ -- The Board of EQT AB ("EQT") has resolved to repurchase a maximum of 5,535,521 own ordinary shares. Repurchases may be made during the period 18 July – 26 September 2025. The resolution is made by virtue of the authorization granted by the Annual Shareholders' Meeting held on 27 May 2025 to repurchase own shares. A maximum of 5,535,521 ordinary shares (0.45% of EQT's share capital) are to be repurchased, and the total maximum amount is SEK 2,500,000,000. The repurchase corresponds to approximately SEK 1,528m based on the closing price for EQT's share on Nasdaq Stockholm on 26 May 20251. Repurchases may be made during the period 18 July – 26 September 2025. As previously communicated, EQT expects to execute share buyback programs twice a year to offset - over time - the dilution impact from shares delivered to EQT's employees under its Share and Option incentive programs. Purpose and terms The purpose of the repurchase program is to adjust EQT's capital structure (by way of cancellation of shares) and to allocate shares to the Company's Board members. The repurchase program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The repurchase program will be managed by Skandinaviska Enskilda Banken AB ("SEB") that, based on the trading order given by EQT to SEB, makes its trading decisions regarding timing of the acquisitions independently of EQT. The repurchase program resolved by the Board is subject to the following terms: Repurchases may only be effected on Nasdaq Stockholm in accordance with Nasdaq Stockholm's Rulebook for Issuers of Shares (the "Rulebook") as well as in accordance with MAR and the Safe Harbour Regulation. Repurchases may be made on one or several occasions during the period 18 July - 26 September 2025. Repurchases may only be effected at a price per share within the price interval applying on Nasdaq Stockholm from time to time, which refers to the interval between the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm, and in accordance with the restrictions relating to price in the Safe Harbour Regulation. Repurchases may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook and in the Safe Harbour Regulation. A maximum of 5,535,521 own ordinary shares may be repurchased for a total maximum amount of SEK 2,500,000,000. Payment for the shares shall be made in cash. The number of shares in EQT as of the date of this press release is set out in the table below. The resolution to cancel 6,899,011 ordinary shares made by Annual Shareholders' Meeting earlier today is pending registration with the Swedish Company Registration Office but has been reflected in the table shares Class C shares2 Total Number of issued shares3 1,234,611,900 496,056 1,235,107,956 Number of shares owned by EQT AB4 57,922,610 - 57,922,610 Number of outstanding shares 1,176,689,290 496,056 1,177,185,346 SEK 276.0 / share. Carry one tenth (1/10) of a vote. Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB EQT AB shares owned by EQT AB are not entitled to dividends and carry no votes at shareholders' meetings. Contact Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15EQT Press Office, press@ +46 8 506 55 334 This information was brought to you by Cision The following files are available for download: Share buyback launch EQT View original content: Sign in to access your portfolio
Yahoo
17-02-2025
- Business
- Yahoo
International Petroleum Corporation Announces Results of Normal Course Issuer Bid
TORONTO, Feb. 17, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 313,424 IPC common shares (ISIN: CA46016U1084) during the period of February 10 to 14, 2025 under IPC's normal course issuer bid / share repurchase program (NCIB). IPC's NCIB, announced on December 3, 2024, 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 February 10 to 14, 2025, IPC repurchased a total of 237,064 IPC common shares on Nasdaq Stockholm. All of these share repurchases were carried out by Pareto Securities AB on behalf of IPC. A summary and detailed breakdown of the transactions conducted on Nasdaq Stockholm during the period of February 10 to 14, 2025 according to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is available with this press release on IPC's website: During the same period, IPC purchased a total of 76,360 IPC common shares on the TSX. All of these share repurchases were carried out by ATB Securities Inc. on behalf of IPC. All common shares repurchased by IPC under the NCIB will be cancelled. As at February 14, 2025, the total number of issued and outstanding IPC common shares is 117,781,927 with voting rights, of which IPC holds 822,277 common shares in treasury. Since December 5, 2024 up to and including February 14, 2025, a total of 2,923,051 IPC common shares have been repurchased under the NCIB through the facilities of the TSX and Nasdaq Stockholm. A maximum of 7,465,356 IPC common shares may be repurchased over the period of twelve months commencing December 5, 2024 and ending December 4, 2025, or until such earlier date as the NCIB is completed or terminated by IPC. International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC's shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol "IPCO". For further information, please contact: Rebecca GordonSVP Corporate Planning and Investor +41 22 595 10 50 Or Robert ErikssonMedia Managerreriksson@ +46 701 11 26 15 This information is information that International Petroleum Corporation is required to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the contact persons set out above, at 10:00 CET on February 17, 2025. Forward-Looking Statements This press release contains statements and information which constitute "forward-looking statements" or "forward-looking information" (within the meaning of applicable securities legislation). Such statements and information (together, "forward-looking statements") relate to future events, including the Corporation's future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", 'forecast', "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "budget" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements with respect to: the ability and willingness of IPC to continue the NCIB, including the number of common shares to be acquired and cancelled and the timing of such purchases and cancellations; and the return of value to IPC's shareholders as a result of any common share repurchases. The forward-looking statements are based on certain key expectations and assumptions made by IPC, including expectations and assumptions concerning: prevailing commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve and contingent resource volumes; operating costs; our ability to maintain our existing credit ratings; our ability to achieve our performance targets; the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions and that we will be able to implement our standards, controls, procedures and policies in respect of any acquisitions and realize the expected synergies on the anticipated timeline or at all; the benefits of acquisitions; the state of the economy and the exploration and production business in the jurisdictions in which IPC operates and globally; the availability and cost of financing, labour and services; our intention to complete share repurchases under our normal course issuer bid program, including the funding of such share repurchases, existing and future market conditions, including with respect to the price of our common shares, and compliance with respect to applicable limitations under securities laws and regulations and stock exchange policies; and the ability to market crude oil, natural gas and natural gas liquids successfully. Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to our systems, including our costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including the war between Ukraine and Russia and the conflict in the Middle East, and their potential impact on, among other things, global market conditions; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in IPC's annual information form for the year ended December 31, 2023 (See 'Cautionary Statement Regarding Forward-Looking Information", 'Risks Factors' and "Reserves and Resources Advisory' therein), in the management's discussion and analysis (MD&A) for the three months and year ended December 31, 2024 (See "Cautionary Statement Regarding Forward-Looking Information", 'Risks Factors' and "Reserves and Resources Advisory" therein) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management's discussion and analysis and material change reports, which may be accessed through the SEDAR+ website ( or IPC's website ( in to access your portfolio
