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

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.

Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily represent the views of Nasdaq, Inc.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.