Vermilion Energy Inc. Confirms Q2 2024 Release Date and Conference Call Details and Announces TSX Approval for Renewal of Normal Course Issuer Bid
Conference Call and Webcast Details
Vermilion will discuss these results in a conference call and webcast presentation on
To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3KZvTFT to receive an instant automated call back. You may also access the webcast at https://app.webinar.net/L58NP7WPlRe. The webcast links, along with conference call slides, will be available on Vermilion's website at https://www.vermilionenergy.com/invest-with-us/events-presentations/ under Upcoming Events prior to the conference call.
Renewal of Normal Course Issuer Bid
We are pleased to announce that the
The NCIB allows Vermilion to purchase up to 15,689,839 common shares, representing approximately 10% of its public float as at
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 under the NCIB in accordance with Management's discretion.
Vermilion has a long history of returning capital to its shareholders as we have paid out over
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Most directly comparable to cash flows from operating activities, FCF is comprised of fund flows from operations less drilling and development costs and exploration and evaluation cost and EFCF is comprised of FCF less payments on lease obligations and asset retirement obligations settled. The measure is used to determine the funding available for investing and financing activities including payment of dividends, repayment of long-term debt, reallocation into existing business units and deployment into new ventures. EFCF is used to determine the funding available to return to shareholders after costs attributable to normal business operations. |
Under its prior NCIB, which runs from
About Vermilion
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important to us than the safety of the public and those who work with us, and the protection of our natural surroundings. We have been recognized by leading ESG rating agencies for our transparency on and management of key environmental, social and governance issues. In addition, we emphasize strategic community investment in each of our operating areas.
Vermilion trades on the
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