Vermilion Energy Trust Adopts Amendments to the Proposed Vermilion Incentive Plan
CALGARY, Alberta--(BUSINESS WIRE)--August 18, 2010--Vermilion Energy Trust (“Vermilion” or the
“Trust”) (TSX – VET.UN) announces that it has adopted certain amendments with respect to the terms of the
Vermilion Incentive Plan (the “VIP”), the approval of which is being sought at a special meeting of the holders of
trust units of the Trust, the holders of Series A exchangeable shares of Vermilion Resources Ltd. and holders of
trust unit incentive plan awards ("TAP Award Holders") of the Trust to be held on Tuesday, August 31, 2010 at
10:00 a.m. (Calgary time) in the Cardium Room, Calgary Petroleum Club, 319 - 5th Avenue S.W., Calgary,
Alberta to consider and vote upon the proposed conversion of the Trust from a trust structure to a corporate
structure pursuant to a plan of arrangement and certain related transactions and to approve the Vermilion
Incentive Plan and a Shareholder Rights Plan of Vermilion Energy Inc..
In consultation with RiskMetrics Group (“RiskMetrics”), an independent proxy voting advisory and corporate
governance services firm, Vermilion’s Board of Directors has decided to amend certain terms of the proposed
VIP. These amendments include:
These amendments remain subject to the approval of the Toronto Stock Exchange.
Vermilion understands that in light of the proposed amendments to the VIP, RiskMetrics will be recommending to
its clients who hold Vermilion trust units or Series A exchangeable shares that they vote FOR the conversion from
a trust to a corporation (item 1) and FOR adoption of the Vermilion Incentive Plan (item 2) and FOR adoption of
the Shareholder Rights Plan (Item 3).
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, Western Europe and Australia. Ve