Form 6-K VERMILION ENERGY INC. For: Feb 13

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

 

For the month of February 2017

 

Commission File Number: 001-35829

 

Vermilion Energy Inc. 

(Exact name of registrant as specified in its charter)

 

 

3500, 520 – 3^rd Avenue S.W., Calgary, Alberta T2P 0R3

 (Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☐

Form 40-F ☒

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).        

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐

No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-               .

 

 

 

 

 

Exhibit		Description
99.1		News Release dated February 13, 2017 - Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for March 15, 2017 Payment Date

 

 

 

By:		/s/ Curtis W. Hicks
Title:		Curtis W. Hicks, Executive VP and Chief Financial Officer

 Date: February 13, 2017

Exhibit 99.1

 

Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for March 15, 2017 Payment Date

CALGARY, Feb. 13, 2017 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on March 15, 2017 to all shareholders of record on February 23, 2017.  The ex-dividend date for this payment is February 21, 2017.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

We commenced prorating the Premium Dividend^TM component of our Dividend Reinvestment Plan by 25%, beginning with the dividend paid on October 17, 2016.  We increased the proration factor by a further 25% beginning with the January 16, 2017 dividend payment. Eligible shareholders who have elected to participate in the Premium Dividend^TM component will receive a 1.5% premium on 50% of their participating shares, and the regular cash dividend on the remaining 50% of their shares.  Subject to unexpected changes in the commodity price outlook, it is our intent to continue increasing the proration during 2017, at the end of which there would be no further equity issuance under the Premium Dividend^TM component of our Dividend Reinvestment Plan.

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 5%. 

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.

Management and directors of Vermilion hold approximately 5% of the outstanding 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.

^TM denotes trademark of Canaccord Genuity Capital Corporation.

SOURCE Vermilion Energy Inc.

 

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/13/c8267.html

%CIK: 0001293135

For further information: Kyle Preston, Director Investor Relations, TEL: (403) 476-8431 | IR TOLL FREE 1-866-895-8101 | [email protected] | www.vermilionenergy.com

CO: Vermilion Energy Inc.

CNW 11:00e 13-FEB-17

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Vermilion Energy (VET:CN) (VET) PT Raised to Cdn$22 at Stifel Canada
• BE Semiconductor Industries N.V. Announces Q1-24 Results
• Strategic Review Announcement