Jul. 10 at 2:36 PM
$VET Vermilion Energy (NYSE:VET) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 15,259,187 common shares (10% of public float) over a twelve-month period starting July 12, 2025. The program includes a daily purchase limit of 205,865 shares and will expire on July 11, 2026.
The company plans to return 40% of excess free cash flow to shareholders in 2025 through dividends and share repurchases. Under its previous NCIB, Vermilion has already repurchased 5,631,463 shares at an average price of
$12.96 per share. The company will also implement an automatic share purchase plan (ASPP) to facilitate purchases during blackout periods.
