Source - LSE Regulatory
RNS Number : 3985T
TransGlobe Energy Corporation
24 March 2021
 

 

 

TRANSGLOBE ENERGY CORPORATION ANNOUNCES

PDMR SHAREHOLDINGS

 

AIM & TSX:  "TGL" & NASDAQ:  "TGA"

 

Calgary, Alberta, March 24, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on March 19, 2021 the Company issued stock options ("Options") to the President and Chief Executive Officer, the Vice President Finance, Chief Financial Officer and Corporate Secretary and the Vice President and Chief Operating Officer (collectively referred to as the "PDMR"). 

 

The Company also issued Performance Share Units ("PSUs") on March 19, 2021 to the PDMR in accordance with the Performance Share Unit Plan of the Company.  No shares will be issued upon exercise or vesting of any of the share units as the instruments are settled in cash.

 

PDMR

Position

Type

Quantity Awarded

Exercise Price/Price of Grant ($Cdn)

Number Held Following Grant

Randy Neely

President and Chief Executive Officer

Option

163,655

$2.16

1,417,939

PSU

209,115

$2.16

877,992

Edward Ok

Vice President Finance, Chief Financial Officer and Corporate Secretary

Option

81,522

$2.16

504,046

PSU

104,167

$2.16

446,000

Geoffrey Probert

Vice President and Chief Operating Officer

Option

100,647

$2.16

451,155

PSU

128,605

$2.16

449,235

 

 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

 

1)     Details of PDMR

a.     Name

Randy Neely

Edward Ok

Geoffrey Probert

2)     Reason for the notification

a.  Position / status

President and Chief Executive Officer

Vice President Finance, Chief Financial Officer and Corporate Secretary

Vice President and Chief Operating Officer

b. Initial notification / amendment

Initial notification

Initial notification

Initial notification

3)     Details of the issuer

a.   Name

TransGlobe Energy Corporation

TransGlobe Energy Corporation

TransGlobe Energy Corporation

b.   Legal Entity Identifier

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

4)     Details of transaction

a.    Description of financial instrument

Options

Options

Options

b.    Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c.   Nature of the transaction

Grant of Options

Grant of Options

Grant of Options

d.   Price(s) and volume(s)

Exercise Price: Cdn $2.16

Volume: 163,655

Exercise Price: Cdn $2.16

Volume: 81,522

Exercise Price: Cdn $2.16

Volume: 100,647

e.    Aggregated information:

i.  Price

ii. Volume

Exercise Price: $2.16 Cdn per Option

Volume: 163,655 Options

Exercise Price: $2.16 Cdn per Option

Volume: 81,522 Options

Exercise Price: $2.16 Cdn per Option

Volume: 100,647 Options

f.      Date of the transaction

March 19, 2021

March 19, 2021

March 19, 2021

g.     Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014

 

1)     Details of PDMR

a)     Name

Randy Neely

Edward Ok

Geoffrey Probert

2)     Reason for the notification

a)  Position / status

President and Chief Executive Officer

Vice President Finance, Chief Financial Officer and Corporate Secretary

Vice President and Chief Operating Officer

b)     Initial notification / amendment

Initial notification

Initial notification

Initial notification

3)     Details of the issuer

a)     Name

TransGlobe Energy Corporation

TransGlobe Energy Corporation

TransGlobe Energy Corporation

b)     Legal Entity Identifier

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

549300QMNS6BDY8UUB03

4)     Details of transaction

a)     Description of financial instrument

Performance Share Units

Performance Share Units

Performance Share Units

b)     Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c)     Nature of the transaction

Grant of PSUs

Grant of PSUs

Grant of PSUs

d)    Price(s) and volume(s)

Price: Cdn $2.16

Volume: 209,115

Price: Cdn $2.16

Volume: 104,167

Price: Cdn $2.16

Volume: 128,605

e)     Aggregated information:

i)      Price

ii)     Volume

 

 

Price: $2.16 Cdn per PSU

Volume: 209,115 PSUs

 

 

Price: $2.16 Cdn per PSU

Volume: 104,167 PSUs

 

 

Price: $2.16 Cdn per PSU

Volume: 128,605 PSUs

f)      Date of the transaction

March 19, 2021

March 19, 2021

March 19, 2021

g)    Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

About TransGlobe

TransGlobe Energy Corporation is a cashflow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe's common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.

For further information, please contact:

TransGlobe Energy Corporation

Randy Neely, President and CEO

Eddie Ok, CFO

+1 403 264 9888

investor.relations@trans-globe.com

http://www.trans-globe.com

or via Tailwind Associates or

FTI Consulting

 

Tailwind Associates (Investor Relations)

Darren Engels

+1 403 618 8035

darren@tailwindassociates.ca

http://www.tailwindassociates.ca

FTI Consulting (Financial PR)

Ben Brewerton

Genevieve Ryan

+44(0) 20 3727 1000

transglobeenergy@fticonsulting.com

Canaccord Genuity (Nomad & Joint-Broker)

Henry Fitzgerald-O'Connor

James Asensio

+44(0) 20 7523 8000

Shore Capital (Joint Broker)

Jerry Keen

Toby Gibbs

+44(0) 20 7408 4090

 

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