TRANSGLOBE ENERGY CORPORATION ANNOUNCES
DIRECTOR/PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, March 29, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on March 26, 2021 stock options granted to Ross Clarkson and Randy Neely on March 18, 2016 have expired.
| | Position | Type | Quantity Previous Awarded | Quantity Expired | Exercise Price of Grant ($Cdn) | Number Held Following Expiration |
| Ross Clarkson | Non-Independent Director | Stock Option | 1,068,577 | 420,681 | $2.19 | 647,896 |
| Randy Neely | President and Chief Executive Officer | Stock Option | 1,417,939 | 247,792 | $2.19 | 1,170,147 |
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 | Ross Clarkson | Randy Neely |
| 2) Reason for the notification a) Position / status | Director | President and Chief Executive Officer |
| b) Initial notification / amendment | Initial notification | Initial notification |
| 3) Details of the issuer a) Name | TransGlobe Energy Corporation | TransGlobe Energy Corporation |
| b) Legal Entity Identifier | 549300QMNS6BDY8UUB03 | 549300QMNS6BDY8UUB03 |
| 4) Details of transaction a) Description of financial instrument | Stock Option | Stock Option |
| b) Identification code | ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 | ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 |
| c) Nature of the transaction | Expiry of Stock Option | Expiry of Stock Option |
| d) Price(s) and volume(s) | Exercise Price: Cdn $2.19 Volume: 420,681 | Exercise Price: Cdn $2.19 Volume: 247,792 |
| e) Aggregated information: i) Price ii) Volume | Exercise Price: $2.19 Cdn per Stock Option Volume: 420,681 Stock Options | Exercise Price: $2.19 Cdn per Stock Option Volume: 247,792 Stock Options |
| f) Date of the transaction | March 26, 2021 | March 26, 2021 |
| g) Place of Transaction | 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 |
| 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 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
