- Vermilion Energy (VET) has announced a normal course issuer bid (NCIB)
- Vermilion may purchase up to 16,076,666 common shares between July 6, 2022, and July 5, 2023
- Daily purchases will be limited to 513,299 common shares
- All shares purchased under the NCIB will be cancelled
- Vermilion is an international energy producer with assets in North America, Europe and Australia
- Vermilion Energy Inc. (VET) opened trading at C$24.50
Vermilion Energy (VET) has announced a normal course issuer bid (NCIB).
Under the terms of the bid, Vermilion may purchase up to 16,076,666 common shares.
The NCIB will commence on July 6, 2022, and end no later than July 5, 2023.
Daily purchases under the NCIB will be limited to 513,299 common shares. All common shares purchased under the NCIB will be cancelled.
In connection with the NCIB, Vermilion will enter into an automatic purchase plan with its designated broker to allow purchases of its common shares during self-imposed blackout periods.
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia.
Vermilion Energy Inc. (VET) opened trading at C$24.50.