Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. International Petroleum Corporation
  6. News
  7. Summary
    IPCO   CA46016U1084


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

International Petroleum : Annual General Meeting to be held on May 4, 2021

03/30/2021 | 02:30am EDT

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) -- International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that its Annual General Meeting of Shareholders will be held at the offices of Blake, Cassels and Graydon LLP, Suite 3500, 855 - 2nd Street S.W., Calgary, Alberta, Canada T2P 4J8 on Tuesday, May 4, 2021 at 8:00 a.m. (Mountain time), for the following purposes:

  1. To receive the audited consolidated financial statements of the Corporation for the financial year ended December 31, 2020 and accompanying report of the auditor, and the management’s discussion and analysis of the Corporation for the year ended December 31, 2020;
  2. To set the number of directors of the Corporation at seven;
  3. To elect the seven nominees of the Corporation standing for election as directors of the Corporation to hold office until the next annual meeting of Shareholders or until his or her successor is duly elected or appointed;
  4. To appoint PricewaterhouseCoopers SA, as the auditor of the Corporation, to hold office until the next annual general meeting of Shareholders and to authorize the directors to fix the auditor’s remuneration;
  5. To consider and, if deemed advisable, to approve, with or without variation, an ordinary resolution approving an increase to the maximum number of common shares of the Corporation that may be issued under the Corporation’s share unit plan, as more particularly described in the Management Information Circular dated March 26, 2021 (the “Information Circular”); and
  6. To transact such other business as may properly come before the Meeting or any adjournment or postponement thereof.

The record date for the Annual General Meeting is March 19, 2021. The Notice of Meeting, the Information Circular and related Meeting materials, and the Corporation’s Annual Information Form for the year ended December 31, 2020, are available under the Corporation’s profile on SEDAR at www.sedar.com and on the Corporation’s website at www.international-petroleum.com.

Due to the public health restrictions related to the Covid-19 virus and taking into account the health and safety of our employees, shareholders, service providers and other stakeholders, the Meeting will only be open to registered Shareholders and duly appointed proxy holders. Further restrictions with regard to the Meeting may be implemented by the Corporation as required in accordance with applicable law. Shareholders are requested to vote by proxy, by mail, by telephone or on the Internet, in advance of the deadline set forth in the Information Circular. The Corporation is not aware of any items of business to be brought before the Meeting other than those described in the Information Circular and there will be no management presentation on the business and operations of the Corporation at the Meeting.

Advice to Holders of Euroclear Sweden Registered Common Shares

Shareholders who hold their common shares (“Euroclear Registered Common Shares”) through Euroclear Sweden AB, which common shares trade on the NASDAQ Stockholm, are not registered holders of common shares for the purposes of voting at the Meeting. Instead, Euroclear Registered Common Shares are registered under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclear Registered Common Shares will receive a voting instruction form (the “VIF”) by mail directly from Computershare AB (“Computershare Sweden”). Additional copies of the VIF, together with the Information Circular, can also be obtained from Computershare Sweden and are available on the Corporation’s website at www.international-petroleum.com. The VIF cannot be used to vote common shares directly at the Meeting. Instead, the VIF must be completed and returned to Computershare Sweden, strictly in accordance with the instructions and deadlines that will be described in the instructions provided with the VIF.

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 under the symbol "IPCO".

For further information, please contact:

Rebecca Gordon
VP Corporate Planning and Investor Relations
Tel: +41 22 595 10 50

Robert Eriksson
Media Manager
Tel: +46 701 11 26 15

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".

Primary Logo

Source: International Petroleum Corporation

2021 GlobeNewswire, Inc., source Press Releases

06/07OPEC chief, in upbeat oil outlook, sees oil stocks falling further
06/07OPEC chief, in upbeat oil outlook, sees oil stocks falling further
06/04Malaysia's Hibiscus Petroleum buys Repsol assets, enters Vietnam market
05/05INTERNATIONAL PETROLEUM CORPORATIONá : First Quarter 2021 Financial Results
05/04INTERNATIONAL PETROLEUM CORPORATIONá : announces 2021 Annual General Meeting vo..
05/04INTERNATIONAL PETROLEUM CORPORATIONá : announcesá2021 Annual General Meeting vot..
04/30INTERNATIONAL PETROLEUMá : IPC to release First Quarter 2021 Financial Results o..
04/29INTERNATIONAL PETROLEUM CORPORATIONá : to release First Quarter 2021 Financial R..
04/29INTERNATIONAL PETROLEUM CORPORATIONá : to release First Quarter 2021áFinancial R..
03/30INTERNATIONAL PETROLEUMá : IPC Annual General Meeting to be held on May 4, 2021
More news
Financials (USD)
Sales 2021 528 M - -
Net income 2021 59,4 M - -
Net Debt 2021 135 M - -
P/E ratio 2021 7,75x
Yield 2021 -
Capitalization 679 M 679 M -
EV / Sales 2021 1,54x
EV / Sales 2022 1,35x
Nbr of Employees 271
Free-Float 68,9%
Duration : Period :
International Petroleum Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 4,74 $
Last Close Price 4,37 $
Spread / Highest target 23,0%
Spread / Average Target 8,52%
Spread / Lowest Target 3,25%
EPS Revisions
Managers and Directors
Mike Nicholson President, Chief Executive Officer & Director
Christophe Nerguararian Chief Financial Officer
Charles Ashley Heppenstall Chairman
William A. W. Lundin Chief Operating Officer
Donald Kinloch Charter Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CNOOC LIMITED20.61%49 806
EOG RESOURCES, INC.59.03%46 286