CALGARY, AB, April 28, 2021 /CNW/ - Vermilion Energy Inc.
("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE:
VET) is pleased to announce the voting results from our annual
meeting of shareholders held on April 28,
2021. A total of 40,454,887 common shares representing
25.46% of Vermilion's issued and outstanding common shares were
voted in connection with the meeting.
The vote on each matter was conducted by ballot. The manner in
which the proxies were voted or ballots cast, as applicable, in
respect of each matter is set out below.
1. Ordinary resolution to approve fixing the number of
directors of Vermilion to be elected at the Meeting at eight
(8).
Votes
For
|
Votes
Against
|
Number
|
Percent
(%)
|
Number
|
Percent
(%)
|
39,930,025
|
98.76%
|
500,204
|
1.24%
|
2. Ordinary resolution to approve the election of the
following eight nominees to serve as directors of Vermilion for the
ensuing year, or until their successors are duly elected or
appointed, as described in the Information Circular.
Name of
Nominee
|
Votes
For
|
Votes
Withheld
|
|
Number
|
Percent
(%)
|
Number
|
Percent
(%)
|
Lorenzo
Donadeo
|
38,447,022
|
95.72%
|
1,720,027
|
4.28%
|
Larry J.
Macdonald
|
37,735,846
|
93.95%
|
2,431,203
|
6.05%
|
Carin A.
Knickel
|
34,645,451
|
85.09%
|
6,070,598
|
14.91%
|
Stephen P.
Larke
|
38,294,678
|
95.34%
|
1,872,371
|
4.66%
|
Dr. Timothy R.
Marchant
|
39,263,276
|
97.75%
|
903,773
|
2.25%
|
Robert
Michaleski
|
38,341,961
|
95.46%
|
1,825,088
|
4.54%
|
William B.
Roby
|
39,418,725
|
98.14%
|
748,324
|
1.86%
|
Catherine L.
Williams
|
38,676,030
|
96.30%
|
1,486,503
|
3.70%
|
3. Ordinary resolution to approve the appointment of Deloitte
LLP, Chartered Accountants, as auditors of Vermilion for the
ensuing year.
Votes
For
|
Votes
Against
|
Number
|
Percent
(%)
|
Number
|
Percent
(%)
|
39,779,970
|
98.27%
|
698,500
|
1.73%
|
4. Ordinary resolution to accept on an advisory basis the
approach to executive compensation, as disclosed in the Information
Circular.
Votes
For
|
Votes
Against
|
Number
|
Percent
(%)
|
Number
|
Percent
(%)
|
17,169,256
|
41.77%
|
23,934,445
|
58.23%
|
As this is an advisory vote, the results will not be binding
upon the Board; however, the Board will take the results of this
vote into account, as appropriate, when considering future
compensation policies, procedures and decisions.
The Board will also continue engaging directly with Shareholders
to receive feedback regarding the Company's approach to executive
compensation, and the Board will assess its future compensation
policies, procedures, and decisions in the context of such
feedback.
The Company considers its approach to executive compensation as
being a significant component of its broader corporate governance
practices, which is generally consistent with best practices and
includes claw-back policies, diversity policies, share ownership
guidelines and anti-hedging policies.
For complete voting results, please see our Report of Voting
Results available through SEDAR at www.sedar.com and EDGAR at
www.sec.gov/edgar.shtml.
An archive webcast of the annual meeting of shareholders and
presentation by Curtis Hicks,
President, that provides a business overview and an update on
recent developments, is available on Vermilion's website at
www.vermilionenergy.com.
About Vermilion
Vermilion is an international energy producer that seeks to
create value through the acquisition, exploration, development and
optimization of producing assets in North
America, Europe and
Australia. Our business model
emphasizes organic production growth augmented with value-adding
acquisitions, along with returning capital to investors when
economically warranted. Vermilion's operations are focused on the
exploitation of light oil and liquids-rich natural gas conventional
resource plays in North America
and the exploration and development of conventional natural gas and
oil opportunities in Europe and
Australia.
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 Leadership level (A-)
performer by the CDP, and a Best Workplace in the Great Place to
Work® Institute's annual rankings in Canada, the
Netherlands and Germany. In
addition, Vermilion emphasizes strategic community investment in
each of our operating areas.
Employees and directors hold approximately 5% of our outstanding
shares and are committed to delivering long-term value for all
stakeholders. Vermilion trades on the Toronto Stock Exchange and
the New York Stock Exchange under the symbol VET.
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SOURCE Vermilion Energy Inc.