[SCHEDULE 13G/A] VERMILION ENERGY INC. SEC Filing

Rhea-AI Filing Summary

Vermilion Energy Inc. received a joint Schedule 13G/A disclosing significant passive holdings by several Millennium-related reporting persons and an affiliated Singapore entity. Integrated Core Strategies (Asia) Pte. Ltd. reports beneficial ownership of 7,751,570 common shares (5.0% of the class) with shared voting and dispositive power. Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander each report beneficial ownership of 8,529,081 common shares (5.5% of the class), also with shared voting and dispositive power.

The filing includes a joint filing agreement among the reporting persons and a certification that the securities were not acquired to change or influence control of the issuer. The issuer's principal executive office is listed in Calgary, Alberta.

Positive

• Transparent disclosure of beneficial ownership by multiple related reporting persons
• Holdings quantified at 7,751,570 shares (5.0%) and 8,529,081 shares (5.5%), meeting SEC reporting thresholds

Negative

• None.

Insights

Financial Analyst

TL;DR: Multiple related entities disclose passive stakes just above 5%, indicating notable but declared non-control positions.

The filings show that Millennium-affiliated entities and an affiliated Singapore vehicle each hold low single-digit stakes in Vermilion Energy, with reported shared voting and dispositive power rather than sole control. Holdings of 5.0% and 5.5% cross the Schedule 13G reporting threshold, making them visible to investors but the filing explicitly states the positions are not for changing control. For investors this increases transparency about ownership concentration without signaling an active takeover or control intent.

Corporate Governance Expert

TL;DR: Joint filing and shared powers reflect coordinated disclosure; certification claims passive intent, limiting governance implications.

The joint filing agreement and identical shared voting/dispositive power figures across Millennium entities imply centralized investment decision-making and coordinated disclosure. The explicit certification that the securities were not acquired to influence control suggests these are passive, reportable stakes under SEC rules. From a governance perspective, these holdings require monitoring but do not, on their face, represent a change in control or an immediate governance challenge.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Vermilion Energy Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

923725105

(CUSIP Number)

09/16/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 923725105

1

Names of Reporting Persons

Integrated Core Strategies (Asia) Pte. Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,751,570.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,751,570.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,751,570.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 923725105

1

Names of Reporting Persons

Millennium Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,529,081.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,529,081.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,529,081.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 923725105

1

Names of Reporting Persons

Millennium Group Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,529,081.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,529,081.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,529,081.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 923725105

1

Names of Reporting Persons

Israel A. Englander

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,529,081.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,529,081.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,529,081.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vermilion Energy Inc.
(b)	Address of issuer's principal executive offices: 3500, 520 - 3rd Avenue S.W., Calgary, Alberta T2P 0R3, Canada
Item 2.
(a)	Name of person filing: Integrated Core Strategies (Asia) Pte. Ltd. Millennium Management LLC Millennium Group Management LLC Israel A. Englander
(b)	Address or principal business office or, if none, residence: Integrated Core Strategies (Asia) Pte. Ltd. c/o Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Group Management LLC 399 Park Avenue New York, New York 10022 Israel A. Englander c/o Millennium Management LLC 399 Park Avenue New York, New York 10022
(c)	Citizenship: Integrated Core Strategies (Asia) Pte. Ltd. - Singapore Millennium Management LLC - Delaware Millennium Group Management LLC - Delaware Israel A. Englander - United States
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 923725105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See response to Item 9 on each cover page.
(b)	Percent of class: See response to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See response to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See response to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on each cover page. The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit I
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Integrated Core Strategies (Asia) Pte. Ltd.

Signature:	/s/ Woon Sing Ong
Name/Title:	Woon Sing Ong, Director
Date:	09/19/2025

Millennium Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	09/19/2025

Millennium Group Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	09/19/2025

Israel A. Englander

Signature:	/s/ Israel A. Englander
Name/Title:	Israel A. Englander
Date:	09/19/2025

Exhibit Information

Exhibit I: Joint Filing Agreement, dated as of September 19, 2025, by and among Integrated Core Strategies (Asia) Pte. Ltd., Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.

FAQ

Who filed the Schedule 13G/A for Vermilion Energy (VET)?

The filing was made by Integrated Core Strategies (Asia) Pte. Ltd., Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander.

How many Vermilion Energy shares does Millennium Management LLC report owning?

Millennium Management LLC reports beneficial ownership of 8,529,081 common shares (5.5%) with shared voting and dispositive power.

What stake does Integrated Core Strategies (Asia) Pte. Ltd. report in VET?

Integrated Core Strategies (Asia) Pte. Ltd. reports beneficial ownership of 7,751,570 common shares (5.0%) with shared voting and dispositive power.

Do the reporting persons claim the stakes are intended to change control of Vermilion Energy?

No. The filing includes a certification stating the securities were not acquired and are not held to change or influence control of the issuer.

Is there a joint filing agreement among the reporting persons?

Yes. Exhibit I is a Joint Filing Agreement among the four reporting persons.