Vermilion Energy Inc. Reports Voting Results of Election of Directors
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.