The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Vermilion Energy Inc. Reports Voting Results of Election of Directors

Thursday, May 02, 2013

Vermilion Energy Inc. Reports Voting Results of Election of Directors

07:00 EDT Thursday, May 02, 2013

CALGARY, May 2, 2013 /PRNewswire/ - Vermilion Energy Inc. (the "Company") (TSX:VET) (NYSE:VET) is pleased to report that at its annual and special meeting of shareholders held on May 1, 2013 each of the eight nominees proposed as directors and listed in its proxy statement and information circular dated April 2, 2013, were elected as directors of the Company.

The detailed results of the vote by ballot are as follows:

Nominee Votes for Votes Withheld
  Number Percent (%) Number Percent (%)
Larry J. Macdonald 65,567,614 99.34 434,886 0.66
W. Kenneth Davidson 65,568,136 99.34 434,364 0.66
Lorenzo Donadeo 65,953,597 99.93 48,903 0.07
Claudio A. Ghersinich 63,834,859 96.72 2,167,641 3.28
Joseph F. Killi 65,554,050 99.32 448,450 0.68
Loren M. Leiker 65,935,910 99.90 66,590 0.10
William F. Madison 65,935,916 99.90 66,584 0.10
Dr. Timothy R. Marchant 65,565,057 99.34 437,443 0.66

Vermilion is an oil-leveraged producer that adheres to a value creation strategy through the execution of full cycle exploration and production programs focused on the acquisition, exploration, development and optimization of producing properties in Western Canada, the broader European region and Australia. Vermilion's business model targets annual growth of approximately 5% together with providing reliable and growing dividends.  Vermilion is targeting annual growth in production primarily through the exploitation of conventional resource plays in Western Canada, including Cardium light oil and liquids rich natural gas, the exploration and development of high impact natural gas opportunities in the Netherlands and through drilling and workover programs in France and Australia. Vermilion also holds an 18.5% working interest in the Corrib gas field in Ireland. In addition, Vermilion currently pays a monthly dividend of Canadian $0.20 per share, which provides a current yield of approximately 5%.  Management and directors of Vermilion hold approximately 8% of the outstanding shares and are dedicated to consistently delivering superior rewards for all its stakeholders. Vermilion has an 18 year history of consistent strong returns and market outperformance. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

 

SOURCE Vermilion Energy Inc.

For further information: <p> Lorenzo Donadeo, President & CEO;<br/> Curtis W. Hicks, C.A., Executive VP & CFO;<br/> TEL (403) 269-4884<br/> IR TOLL FREE 1-866-895-8101<br/> <a href="mailto:investor_relations@vermilionenergy.com">investor_relations@vermilionenergy.com</a><br/> <a href="http://www.vermilionenergy.com">www.vermilionenergy.com</a> </p>

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections