7 April 2021
PDMR Share Dealing
VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 1 April 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 |
| Michael G. Silver | EVP, Gen. Counsel & Corp. Sect. | Vesting of Restricted Shares | 7,642 |
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 ($) |
| Michael G. Silver | EVP, Gen. Counsel & Corp. Sect. | Disposal of Common Shares | 1,861 | 2.33 |
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 31.1% working interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 110 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
|
| Website: | |
|
|
|
| Al Petrie Advisors (US Investor Relations) | +00 1 713 543 3422 |
| Al Petrie / Chris Delange |
|
| Buchanan (UK Financial PR) |
+44 (0) 207 466 5000 |
| Ben Romney / Kelsey Traynor / James Husband |
|
Notification of dealings in shares by PDMR's of the Company:
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | Michael G. Silver |
| (b) | Position / status | Executive Vice President, General Counsel & Corporate Secretary |
| (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: $2.33 Volume: 7,642 |
| (g) | Aggregated information
Aggregated volume
Price | n/a
|
| (h) |
Date of the transaction | 1 April 2021 |
| (i) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (a) | Name | Michael G. Silver |
| (b) | Position / status | Executive Vice President, General Counsel & Corporate Secretary |
| (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: $2.33 Volume: 1,861 |
| (g) | Aggregated information Aggregated volume Price |
n/a |
| (h) | Date of the transaction | 1 April 2021 |
| (i) | Place of the transaction | USA |
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.
