3 March 2021
PDMR Share Dealing
VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 28 February 2021, restricted shares in the Company ("Common Shares") vested for certain persons discharging managerial responsibility in the Company as listed below.
| Name | Role | Nature of transaction | Number of Common Shares |
| Cary Bounds | CEO and COO | Vesting of Restricted Shares | 79,775 |
| Elizabeth Prochnow | CFO | Vesting of Restricted Shares | 3,577 |
| David DesAutels | EVP, Corp. Dev. | Vesting of Restricted Shares | 20,070 |
This vesting triggered immediate tax liabilities that were satisfied by the disposal of the number of Common Shares listed below.
| Name | Role | Nature of transaction | Number of Common Shares | Price per share ($) |
| Cary Bounds | CEO and COO | Disposal of Common Shares | 19,427 | 3.24 |
| Elizabeth Prochnow | CFO | Disposal of Common Shares | 1,061 | 3.24 |
| David DesAutels | EVP, Corp. Dev. | Disposal of Common Shares | 5,952 | 3.24 |
About VAALCO
VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.
The Company is an established operator within the region, holding a 58.8% working interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 120 million barrels of crude oil and of which the Company is the operator.
For Further Information
| VAALCO Energy, Inc. (General and Investor Enquiries) | +00 1 713 623 0801
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| Website: | |
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| Al Petrie Advisors (US Investor Relations) | +00 1 713 543 3422 |
| Al Petrie / Chris Delange |
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| Buchanan (UK Financial PR) |
+44 (0) 207 466 5000 |
| Ben Romney / Chris Judd / James Husband |
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Notification of dealings in shares by PDMRs of the Company:
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | Cary Bounds |
| (b) | Position / status | Chief Executive Officer & Chief Operating Officer |
| (c) | Initial notification / amendment | Initial Notification |
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| (d) | Description of the financial instrument | Common Shares in VAALCO Energy, Inc. |
| (e) | Nature of the transaction | Vesting of restricted stock |
| (f) | Price(s) and volume(s) | Vesting Price per Common Share: $3.24 Volume: 79,775
|
| (g) | Aggregated information Aggregated volume Price | n/a
|
| (h) | Date of the transaction | 28 February 2021 |
| (i) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | Cary Bounds |
| (b) | Position / status | Chief Executive Officer & Chief Operating Officer |
| (c) | Initial notification / amendment | Initial Notification
|
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| (d) | Description of the financial instrument | Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares |
| (e) | Nature of the transaction | Disposal of common shares |
| (f) | Price(s) and volume(s) | Price per Common Share: $3.24 Volume: 19,427
|
| (g) | Aggregated information Aggregated volume Price | n/a
|
| (h) | Date of the transaction | 28 February 2021 |
| (i) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | Elizabeth Prochnow |
| (b) | Position / status | Chief Financial Officer |
| (c) | Initial notification / amendment | Initial Notification
|
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| (d) | Description of the financial instrument | Common Shares in VAALCO Energy, Inc. |
| (e) | Nature of the transaction | Vesting of restricted stock
|
| (f) | Price(s) and volume(s) | Vesting Price per Common Share: $3.24 Volume: 3,577
|
| (g) | Aggregated information Aggregated volume Price | n/a
|
| (h) | Date of the transaction | 28 February 2021 |
| (i) | Place of the transaction | USA |
|
1. | Details of PDMR / PDMR Associate | |
| (a) | Name | Elizabeth Prochnow |
| (b) | Position / status | Chief Financial Officer |
| (c) | Initial notification / amendment | Initial Notification |
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| (d) | Description of the financial instrument | Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares |
| (e) | Nature of the transaction | Disposal of common shares |
| (f) | Price(s) and volume(s) | Price: $3.24 Volume: 1,061
|
| (g) | Aggregated information Aggregated volume Price | n/a |
| (h) | Date of the transaction | 28 February 2021 |
| (i) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | David DesAutels |
| (b) | Position / status | Executive Vice President, Corporate Development |
| (c) | Initial notification / amendment | Initial Notification |
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| (d) | Description of the financial instrument | Common Shares in VAALCO Energy, Inc. |
| (e) | Nature of the transaction | Vesting of restricted stock |
| (f) | Price(s) and volume(s) | Vesting Price per Common Share: $3.24 Volume: 20,070
|
| (g) | Aggregated information Aggregated volume Price | n/a
|
| (h) | Date of the transaction | 28 February 2021 |
| (i) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | David DesAutels |
| (b) | Position / status | Executive Vice President, Corporate Development |
| (c) | Initial notification / amendment | Initial Notification |
| 2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| (d) | Description of the financial instrument | Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares |
| (e) | Nature of the transaction | Disposal of common shares |
| (f) | Price(s) and volume(s) | Price: $3.24 Volume: 5,952
|
| (g) | Aggregated information Aggregated volume Price | n/a
|
| (h) | Date of the transaction | 28 February 2021 |
| (i) | Place of the transaction | USA |
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