Vermilion Energy獲TSX批准新NCIB 最多回購10%流通股

EX-99.1
2
ex991.htm
NEWS RELEASE DATED JULY 8, 2026

 

Exhibit 99.1 

 

Vermilion Energy Inc. Announces TSX Approval
for Renewal of Normal Course Issuer Bid and Confirms Q2 2026 Release Date and Conference Call Details

CALGARY, AB, July 8, 2026 /CNW/ - Vermilion Energy
Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce
that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer
bid ("NCIB") through the facilities of the TSX, New York Stock Exchange and other alternative trading platforms in Canada and
the United States.

The NCIB allows Vermilion to purchase up to 15,157,179
common shares, representing approximately 10% of its public float as at June 30, 2026, over a twelve-month period commencing on July 12,
2026. The NCIB will expire no later than July 11, 2027. The total number of common shares Vermilion is permitted to purchase on the TSX
is subject to a daily purchase limit of 322,467 common shares, representing 25% of the average daily trading volume of 1,289,870 common
shares on the TSX calculated for the six-month period ended June 30, 2026; however, Vermilion may make one block purchase per calendar
week which exceeds the daily repurchase restrictions. As of the close of business on June 30, 2026, Vermilion had 152,948,362 common shares
issued and outstanding and a public float of 151,571,790 common shares. Any common shares that are purchased under the NCIB will be cancelled
upon their purchase by Vermilion.

In connection with the NCIB, Vermilion will enter
an automatic purchase plan ("ASPP") with its designated broker to allow for purchases of its common shares during self-imposed
blackout periods. Such purchases would be at the discretion of the broker based on parameters provided by the Company prior to any self-imposed
blackout period or any period when it is in possession of material undisclosed information. The ASPP has been pre-cleared, as required
by the TSX. Outside of these blackout periods, common shares may be purchased under the NCIB in accordance with Management's discretion.

Vermilion has a long history of returning capital
to its shareholders as we have paid out over $40 per share in dividends since 2003 and have had an active NCIB since 2022. The Company
anticipates returning 40% of excess free cash flow(1) to shareholders in 2026, primarily through the base dividend and share
repurchases. Share repurchases continue to screen as one of the most compelling options for returning capital to shareholders as we believe
our common shares are trading at a price that does not reflect the appropriate value of the company.

Under its prior NCIB, which runs from July 12, 2025,
to July 11, 2026, the Company was allowed to purchase up to 15,259,187 common shares. As at June 30, 2026, Vermilion repurchased an aggregate
of 1,749,691 common shares under its prior NCIB at a weighted average price of $12.43 per common share, excluding brokerage fees. The
company purchased all common shares through the facilities of the TSX and alternative trading platforms in Canada and the United States.

Conference Call and Webcast Details

Vermilion will release its 2026 second quarter operating
and condensed financial results on Wednesday, July 29, 2026, after the close of North American markets. The unaudited interim financial
statements and management discussion and analysis for the three and six months ended June 30, 2026 will be available on the System for
Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's
website at www.vermilionenergy.com.

Vermilion will discuss these results in a conference
call and webcast presentation on Thursday, July 30, 2026, at 8:00 AM MT (10:00 AM ET). To participate, call 1-888-510-2154 (Canada and
US Toll Free) or 1-437-900-0527 (International and Toronto Area). A recording of the conference call will be available for replay by calling
1-888-660-6345 (Canada and US Toll Free) or 1-289-819-1450 (International and Toronto Area) and using conference replay entry code 39576
# from July 30, 2026, at 12:00 PM MT to August 6, 2026, at 12:00 PM MT.

To join the conference call without operator assistance,
you may register and enter your phone number at https://emportal.ink/3QN5Bxd to receive an instant automated call back. You may also
access the webcast at https://app.webinar.net/9WzAoZGngqa. The webcast link will be available on Vermilion's website at https://www.vermilionenergy.com/invest-with-us/events-presentations/ under
Upcoming Events prior to the conference call. Participants who would like to submit questions ahead of time may do so by emailing [email protected].

(1)  Free cash flow (FCF) and excess
free cash flow (EFCF) are non-GAAP financial measures most directly comparable to cash flows from operating activities. FCF is calculated
as fund flows from operations less drilling and development costs and exploration and evaluation costs and EFCF is calculated as FCF less
payments on lease obligations and asset retirement obligations settled. FCF is used by management to determine the funding available for
investing and financing activities including payment of dividends, repayment of long-term debt, reallocation into existing business units
and deployment into new ventures. EFCF is used by management to determine the funding available to return to shareholders after costs
attributable to normal business operations. FCF and EFCF do not have standardized meanings under IFRS Accounting Standards and therefore
may not be comparable to similar measures provided by other issuers.

About Vermilion

Vermilion is a global gas producer that seeks to create
value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe
while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that
deliver top decile realized gas prices and enhanced capital allocation optionality.

Vermilion's priorities are health and safety, the
environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion,
and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating
areas.

Vermilion trades on the Toronto Stock Exchange and
the New York Stock Exchange under the symbol VET.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vermilion-energy-inc-announces-tsx-approval-for-renewal-of-normal-course-issuer-bid-and-confirms-q2-2026-release-date-and-conference-call-details-302821172.html

SOURCE Vermilion Energy Inc.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2026/08/c6329.html

%CIK: 0001293135

For further information: For further information please contact:
Dion Hatcher, President & CEO and/or Lars Glemser, Vice President & CFO; TEL (403) 269-4884 | IR TOLL FREE 1-866-895-8101 | [email protected]
| www.vermilionenergy.com

CO: Vermilion Energy Inc.

CNW 17:00e 08-JUL-26