CALGARY, June 14, 2017 /CNW/ - Vermilion Energy Inc.
("Vermilion") (TSX, NYSE: VET) is pleased to announce that our
Board of Directors has approved the appointment of Mr. Stephen Larke to our Board of Directors.
Mr. Larke brings over 20 years of experience in energy capital
markets, including research, sales, trading and equity
finance. He is currently an Operating Partner and Advisory
Board member with Azimuth Capital Management, an energy-focused
private equity fund based in Calgary, Alberta. Prior to joining
Azimuth, Mr. Larke was Managing Director and Executive Committee
member with Peters & Co., an independent energy investment firm
based in Calgary. Before Peters & Co., he was
Vice-President and Director with TD Newcrest, serving in the role
of energy equity analyst. Both at Peters & Co. and TD
Newcrest, Mr. Larke received leading rankings in the Brendan Wood
International survey of institutional investors. He holds a
Bachelor of Commerce (Distinction) degree from the University of Calgary and the Chartered Financial
Analyst designation.
During his career, Mr. Larke has worked closely with
institutional investors to understand their objectives and generate
outcomes that met their investment criteria. We look forward
to adding his valuable experience to our Board of Directors.
About Vermilion
Vermilion is an international energy producer that seeks to
create value through the acquisition, exploration, development and
optimization of producing properties in North America, Europe and Australia. Our business model targets
annual organic production growth, along with providing reliable and
increasing dividends to investors. Vermilion is targeting
growth in production primarily through the exploitation of light
oil and liquids-rich natural gas conventional resource plays in
Canada and the United States, the exploration and
development of high impact natural gas opportunities in
the Netherlands and Germany, and through oil drilling and workover
programs in France and
Australia. Vermilion also
holds an 18.5% working interest in the Corrib gas field in
Ireland. Vermilion pays a
monthly dividend of Canadian $0.215
per share, which provides a current yield of approximately
6%.
Vermilion's priorities are health and safety, the environment,
and profitability, in that order. Nothing is more important
to us than the safety of the public and those who work with us, and
the protection of our natural surroundings. We have been
recognized as a top decile performer amongst Canadian publicly
listed companies in governance practices, as a Climate "A" List
performer by the CDP, and a Best Workplace in the Great Place to
Work® Institute's annual rankings in Canada, France, the
Netherlands and Germany. In addition, Vermilion
emphasizes strategic community investment in each of our operating
areas.
Employees and directors hold approximately 6.5% of the fully
diluted shares, are committed to consistently delivering superior
rewards for all stakeholders, and have delivered over 20 years of
market outperformance. Vermilion trades on the Toronto Stock
Exchange and the New York Stock Exchange under the symbol VET.
SOURCE Vermilion Energy Inc.