Vermilion Energy Divests Significant Stake in Coelacanth Energy Through Private Share Sale

Vermilion Energy Inc. (VET, VET.TO) has disclosed a substantial reduction in its ownership of Coelacanth Energy Inc., offloading 26 million common shares via privately negotiated transactions at $0.76 per share, generating gross proceeds of $19.76 million. Since this divestment exceeded the 2% threshold of Coelacanth’s total issued shares, regulatory disclosure was mandatory.

Ownership Structure Shift

The transaction marks a notable decrease in Vermilion’s footprint within Coelacanth. Prior to the share disposal, Vermilion maintained a commanding position with 80.18 million shares representing approximately 15.0% of Coelacanth Energy’s issued and outstanding equity. Post-transaction, the company’s holdings have contracted to 54.18 million shares, equivalent to roughly 10.2% of outstanding shares—a shift of approximately 4.8 percentage points.

Restricted Exit Framework

The amended terms impose a meaningful constraint on future transactions. Going forward, Vermilion Energy cannot liquidate more than 4 million of its remaining Coelacanth shares without explicit approval from Coelacanth Energy management. This restriction effectively caps additional divestment activity and signals structured governance around the remaining investment position.

The disclosed information represents analysis of publicly available transaction data and should not be construed as investment guidance.