#Canada #Calgary #NCIB #TSX #Vermilion Energy

Vermilion Energy Secures TSX Approval for Share Buyback Program

Vermilion Energy Inc., a prominent global gas producer, recently announced the approval from the Toronto Stock Exchange (TSX) for its Normal Course Issuer Bid (NCIB). This initiative allows Vermilion to repurchase up to 15,157,179 common shares, аs revealed on July 8, 2026. The repurchase program aims to enhance shareholder value by utilizing resources effectively during the company’s operational journey.

NCIB Details and Conditions

The NCIB commenced on July 12, 2026, and is set to continue for twelve months, concluding by July 11, 2027. Under this bid, Vermilion has set a daily purchase limit of 322,467 common shares, which is calculated based on 25% of the average daily trading volume of 1,289,870 common shares noted over the preceding six months. However, they also have the option to execute a single block purchase exceeding this daily restriction each week.

As of June 30, 2026, Vermilion reported that it had issued 152,948,362 common shares with a public float of 151,571,790 common shares. Any shares repurchased through this plan will be officially cancelled upon acquisition, thereby reducing the overall share count.

Automatic Purchase Plan Implementation

To ensure consistency and compliance, Vermilion implemented an Automatic Purchase Plan (ASPP) with a designated broker, which will facilitate share purchases during self-imposed blackout periods. This plan enables the broker to make transactions at its discretion based on parameters provided by Vermilion, protecting the integrity of sensitive information and maintaining transparency with its shareholders.

History of Returning Capital to Shareholders

Vermilion has a storied history of returning capital to its shareholders, having paid over $40 per share in dividends since 2003 and maintained an active NCIB since 2022. The company projects returning 40% of its excess free cash flow to shareholders in 2026, primarily through dividends and stock repurchases, as it evaluates its operations and engages with the market dynamics.

The management believes the current trading price of their common shares does not represent their true value, thereby making the buyback an attractive option for maximizing shareholder wealth.

Conference Call for Q2 2026 Results

Moreover, Vermilion Energy will release its financial and operational results for the second quarter of 2026 on July 29, 2026, after North American market hours. Following the release, a conference call is scheduled for July 30, 2026, at 8:00 AM MT (10:00 AM ET). Interested parties can join the call via phone or stream it live on the company’s website. This investor event will provide insights into Vermilion's performance and strategic direction.

Participants wishing to submit questions before the call can do so by emailing their inquiries directly to the company. Those unable to join live will have the opportunity to access a recording of the call for a limited time thereafter.

Background on Vermilion Energy Inc.

Vermilion Energy Inc. specializes in the production and development of natural gas and is committed to creating long-term shareholder value through operational excellence and strategic investments in viable energy projects. The company focuses primarily on natural gas production in Canada while exploring opportunities in the European market. With an eye on profitability, environmental sustainability, and community safety, Vermilion continues to adjust its portfolio to optimize performance and returns.

In conclusion, Vermilion's commitment to its shareholders and its proactive approach to capital allocation through share repurchases underscore its strategic priorities ahead of its upcoming Q2 release and conference call. These developments come as the company aims for sustained growth and the assurance of stakeholder confidence in an ever-evolving energy landscape.