International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the voting results from the Corporation’s 2024 Annual General Meeting of Shareholders held on May 8, 2024 in Calgary, Alberta (the Meeting).
Number of Directors
The number of Directors of the Corporation was set at eight.
| Votes For | % For | Votes Against | % Against |
| 62,674,778 | 99.99 | 5,387 | 0.01 |
Election of Directors
The eight nominees listed in the Corporation’s management information circular dated March 22, 2024 (the Circular) were elected as Directors of the Corporation to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed, unless the office is earlier vacated, as described in the Circular.
| Nominee | Votes For | % For | Votes Withheld | % Withheld |
| C. Ashley Heppenstall | 61,390,661 | 98.10 | 1,187,587 | 1.90 |
| William Lundin | 62,290,868 | 99.54 | 287,380 | 0.46 |
| Chris Bruijnzeels | 62,177,255 | 99.36 | 400,993 | 0.64 |
| Donald Charter | 55,737,085 | 89.07 | 6,841,163 | 10.93 |
| Lukas H. (Harry) Lundin | 62,240,045 | 99.46 | 338,203 | 0.54 |
| Emily Moore | 62,366,187 | 99.66 | 212,061 | 0.34 |
| Mike Nicholson | 62,241,077 | 99.46 | 337,171 | 0.54 |
| Deborah Starkman | 62,549,036 | 99.95 | 29,212 | 0.05 |
Appointment of Auditor
PricewaterhouseCoopers SA was appointed as auditor of the Corporation until the next annual meeting of shareholders and the Directors of the Corporation were authorized to fix the auditor’s remuneration.
| Votes For | % For | Votes Withheld | % Withheld |
| 62,616,229 | 99.90 | 63,936 | 0.10 |
In consultation with PricewaterhouseCoopers SA, the Corporation’s Board of Directors has approved the transition to PricewaterhouseCoopers’ Canadian audit firm given the Corporation’s jurisdiction of formation and status as a Canadian reporting issuer. As a result, PricewaterhouseCoopers SA has declined to accept the appointment as auditor of the Corporation and the Board has appointed PricewaterhouseCoopers LLP, based in Calgary, Canada, to hold office as the Corporation’s auditor until the next annual meeting of shareholders. PricewaterhouseCoopers LLP has consented to act as auditor of the Corporation.
The Corporation confirms that there were no reservations or modified opinions in the reports of PricewaterhouseCoopers SA reports on the Corporation’s audited consolidated financial statements for the two most recently completed financial years ended December 31, 2023 and December 31, 2022. There were no “reportable events” including “disagreements”, “consultations”, or “unresolved issues” (each as defined in National Instrument 51-102 – Continuous Disclosure Obligations (NI 51-102)) between the Corporation and PricewaterhouseCoopers SA. In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, were previously filed by Corporation on SEDAR+.
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 Europe, 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”.