Vermilion Energy announces TSX approval of NCIB

Vermilion Energy announced that the Toronto Stock Exchange has approved the notice of Vermilion’s intention to commence a normal course issuer bid, or NCIB, through the facilities of the Toronto Stock Exchange, New York Stock Exchange and other alternative trading platforms in Canada and USA. The NCIB allows Vermilion to purchase up to 16,308,587 common shares, representing approximately 10% of its public float as at June 28, over a twelve month period commencing on July 12. The NCIB will expire no later than July 11, 2024. The total number of common shares Vermilion is permitted to purchase on the TSX is subject to a daily purchase limit of 297,362 common shares, representing 25% of the average daily trading volume of 1,189,450 common shares on the TSX calculated for the six-month period ended June 30, 2023; however, Vermilion may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Vermilion.