BuybackJul 9, 2026, 06:06 AM
Vermilion Energy Renews NCIB, Can Repurchase Up To 15.16M Shares
AI Summary
Vermilion Energy Inc. announced that the Toronto Stock Exchange (TSX) has approved the renewal of its Normal Course Issuer Bid (NCIB). This program allows the company to repurchase up to 15,157,179 common shares, approximately 10% of its public float, over a twelve-month period starting July 12, 2026. The company also confirmed that its second quarter 2026 operating and financial results will be released on July 29, 2026, followed by a conference call on July 30, 2026.
Key Highlights
- TSX approved renewal of Normal Course Issuer Bid (NCIB) for Vermilion Energy Inc.
- Company can repurchase up to 15,157,179 common shares, representing approximately 10% of its public float.
- The NCIB will commence on July 12, 2026, and expire no later than July 11, 2027.
- Daily purchase limit on TSX is 322,467 common shares, with one block purchase allowed per week.
- As of June 30, 2026, 152,948,362 common shares were issued and outstanding, with a public float of 151,571,790 shares.
- Vermilion will enter an Automatic Purchase Plan (ASPP) to allow purchases during blackout periods.
- Under the prior NCIB, 1,749,691 common shares were repurchased at a weighted average price of $12.43.
- Q2 2026 operating and financial results will be released on Wednesday, July 29, 2026.
- A conference call and webcast to discuss results will be held on Thursday, July 30, 2026, at 8:00 AM MT.
Price Impact
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