## Vermilion Energy Trims Coelacanth Holding Following Strategic Equity Stake Reduction

Vermilion Energy Inc. (VET, VET.TO) has completed a significant stake reduction in Coelacanth Energy Inc., bringing its ownership position down to 15% through the divestment of a substantial equity block.

**Transaction Details and Execution**

The energy company moved to reduce its investment by offloading 30 million common shares at $0.76 per share, generating proceeds of $22.80 million. This disposal represented a meaningful repositioning of Vermilion's portfolio exposure to Coelacanth, with the shares sold comprising more than 2% of all issued and outstanding equity in the target company.

**Ownership Shift**

Prior to this strategic move, Vermilion maintained a controlling influence over approximately 110.18 million common shares, which accounted for roughly 20.7% of Coelacanth's total capitalization. Following the completion of this transaction, Vermilion's holdings have been pared back to 80.18 million common shares, now representing a 15.0% stake in the company.

This adjustment reflects a deliberate recalibration of Vermilion Energy's investment strategy within its portfolio companies, effectively reducing its capital concentration in Coelacanth Energy while maintaining a meaningful minority position in the organization.