Vermilion Energy (VET) said late Wednesday it received approval from the Toronto Stock Exchange to commence a normal course issuer bid through the exchange as well as the New York Stock Exchange and other trading platforms in Canada and the US.
The issuer bid will enable the company to buy up to 15.3 million common shares over a 12-month period, starting July 12, according to a statement.
Vermilion will also enter an automatic purchase plan with a broker to facilitate purchases of its common shares during self-imposed blackout periods, the company said.
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