Vermilion Energy Inc. announced that the Toronto Stock Exchange (TSX) has approved the renewal of its Normal Course Issuer Bid (NCIB). This approval allows Vermilion to purchase up to 15,259,187 common shares, representing approximately 10% of its public float as of June 30, 2025.
The renewed NCIB will commence on July 12, 2025, and will expire no later than July 11, 2026. The company has also entered into an automatic purchase plan to facilitate share repurchases during self-imposed blackout periods, ensuring continuous execution of the program.
Under its prior NCIB, which ran from July 12, 2024, to July 11, 2025, Vermilion repurchased an aggregate of 5,631,463 common shares at a weighted average price of $12.96 per common share. The company anticipates returning 40% of its excess free cash flow to shareholders in 2025, primarily through its base dividend and share repurchases.
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