Vermilion Energy Trims Coelacanth Stake To 15% Via $22.8M Equity Placement

CoconutWaterBoy · 2025-12-26T05:41:57+00:00

Vermilion Energy Inc. has reduced its stake in Coelacanth Energy Inc. by selling 30 million shares for $22.80 million, lowering its ownership from 20.7% to 15.0%. This reflects a strategic shift while retaining influence in Coelacanth.

CoconutWaterBoy

2025-12-26 05:41:57

Abstract generation in progress

Vermilion Energy Inc. (VET, VET.TO) has completed a strategic reduction of its stake in Coelacanth Energy Inc., offloading 30 million common shares at $0.76 per share, raising $22.80 million in the process. This transaction corresponds to slightly over 2% of the total issued and outstanding common shares of Coelacanth.

Shift In Major Shareholder Position

The equity sale marks a significant shift in Vermilion’s investment exposure to Coelacanth Energy. Before executing the transaction, Vermilion held a substantial position of 110.18 million common shares, which amounted to approximately 20.7% of all issued and outstanding common shares, positioning it as a major shareholder.

Following the completion of the share placement, Vermilion’s stake in Coelacanth Energy has been reduced to 80.18 million common shares. This revised position now represents approximately 15.0% of the outstanding shares. The reduction reflects a strategic portfolio adjustment for the energy company, though it retains meaningful influence over Coelacanth operations through its double-digit ownership stake.

The transaction demonstrates Vermilion’s ongoing capital reallocation efforts within its investment portfolio, while maintaining a significant minority position in Coelacanth Energy.

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