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Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid
Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid Ca...
About this update from Vermilion Energy Inc.
[{"type":"text","content":"\n \n \n \n Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n July 10, 2023\n \n \n /CNW/ - Vermilion Energy Inc. (\"Vermilion\", \"We\", \"Our\", or the \"Company\") (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange (\"TSX\") has approved the notice of Vermilion's intention to commence a normal course issuer bid (\"NCIB\") through the facilities of the Toronto Stock Exchange (\"TSX\"), New York Stock Exchange and other alternative trading platforms in\n \n Canada\n \n and\n \n USA\n \n .\n \n \n \n \n \n \n \n \n \n The NCIB allows Vermilion to purchase up to 16,308,587 common shares, representing approximately 10% of its public float as at\n \n June 28, 2023\n \n , over a twelve month period commencing on\n \n July 12, 2023\n \n . The NCIB will expire no later than\n \n July 11, 2024\n \n . 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\n \n June 30, 2023\n \n ; 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.\n \n \n In connection with the NCIB, Vermilion will enter an automatic purchase plan (\"ASPP\") with its designated broker to allow for purchases of its common shares during self-imposed blackout periods. Such purchases would be at the discretion of the broker based on parameters provided by the Company prior to any self-imposed blackout period or any period when it is in possession of material undisclosed information. The ASPP has been pre-cleared, as required by the TSX. Outside of these blackout periods, common shares may be purchased ...