Vermilion Energy Inc. Announces New York Stock Exchange Listing
CALGARY, March 7, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX
- VET) announces that it has been approved for listing on the New York
Stock Exchange ("NYSE").
Vermilion anticipates that its common shares will open for trading on
the NYSE Tuesday, March 12, 2013 under the ticker symbol "VET". GETCO
Securities is the Designated Market Maker for Vermilion shares. To
celebrate the listing, Lorenzo Donadeo, President and CEO will ring the
opening bell on that date.
"We are delighted that Vermilion Energy has been accepted for listing on
the NYSE and believe today's approval marks a significant milestone in
Vermilion's continued growth and evolution. The strong credentials and
reputation of the NYSE as one of the world's most prestigious stock
exchanges, as well as the increased exposure to U.S. and global
investors, fits well with Vermilion's objective to expand our
shareholder base globally." said Lorenzo Donadeo, CEO and President of
Vermilion.
"We welcome Vermilion Energy Inc. to the community of New York Stock
Exchange listed companies," said Scott Cutler, Executive Vice
President, Head of Global Listings, NYSE Euronext. "We look forward to
a long-term partnership with Vermilion and its shareholders, and to
providing the superior liquidity, services and visibility associated
with listing on the NYSE."
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, effective March 12, 2013, on the NYSE (both under
the ticker symbol "VET").
SOURCE: Vermilion Energy Inc.
Lorenzo Donadeo, President & CEO;
Anthony Marino, Executive VP & COO;
Curtis W. Hicks, C.A., Executive VP & CFO;
and/or Dean Morrison, Director - Investor Relations
TEL (403) 269-4884
IR TOLL FREE 1-866-895-8101
investor_relations@vermilionenergy.com
www.vermilionenergy.com