04:27 PM EDT, 07/08/2024 (MT Newswires) -- Vermilion Energy ( VET ) was at last look up 0.9% in after-hours New York trade after saying it received exchange approvals to repurchase up to 10% of its public float of shares over the next 12 months through a normal-course issuer bid.

The company said the NCIB allows it to buy back and cancel up to 15.7-million shares over a 12 month period beginning on July 12.

In connection with the NCIB, Vermilion will enter an automatic purchase plan with its designated broker to allow for purchases of its common shares during self-imposed blackout periods.

Vermilion will release its second-quarter results on July 31 after the close of North American markets.

The company's shares were last seen up US$0.10 to US$11.18 after hours. They closed up $0.04 to $15.12 on the Toronto Stock Exchange.