TIDMTGL

RNS Number : 7474J

TransGlobe Energy Corporation

24 December 2020

TRANSGLOBE ENERGY CORPORATION ANNOUNCES DIRECTOR/PDMR

SHAREHOLDINGS

AIM & TSX: "TGL" & NASDAQ: "TGA"

Calgary, Alberta, December 24, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that it was notified on December 22, 2020 that Steven Sinclair acquired common shares as follows.

 
 PDMR               Date of Acquisition       Number of        Price  Number of Common    % of Company's 
                                          Common Shares                    Shares held      issued share 
                                               Acquired                  following the      capital held 
                                                                           transaction 
                       December 22, 
 Steven Sinclair           2020              25,000      CAD $1.1374       75,000           0.103% 
-----------------  --------------------  --------------  -----------  ----------------  --------------

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

 
 1       Details of PDMR 
   a)    Name                             Steven Sinclair 
 2       Reason for the notification 
   a)    Position / status                Non-Executive Director 
         Initial notification 
   b)     / amendment                     Initial notification 
 3       Details of the issuer 
   a)    Name                             TransGlobe Energy Corporation 
   b)    Legal Entity Identifier          549300QMNS6BDY8UUB03 
 4       Details of the transaction(s) 
         Description of the financial 
   a)     instrument                      Common Shares 
         Identification code              ISIN for TransGlobe Energy Corporation 
   b)                                      Ordinary Shares: CA8936621066 
   c)    Nature of the transaction        Acquisition of Shares 
   d)    Price(s) and volume(s)           Price ($CAD) Volume 
                                          $1.1374 25,000 
         Aggregated information 
   e)     - 
       Aggregated volume -                25,000 common shares 
       Aggregated price                   $1.1374 CAD per share 
   f)    Date of the transaction          December 22, 2020 
   g)    Place of the transaction         TSX

About TransGlobe

TransGlobe Energy Corporation is a cash flow 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                                   +1 403 264 9888 
  Randy Neely, President and CEO              investor.relations@trans-globe.com 
  Eddie Ok, CFO                                       http://www.trans-globe.com 
                                                      or via Tailwind Associates 
                                                                              or 
                                                                  FTI Consulting 
 Tailwind Associates (Investor Relations)                        +1 403 618 8035 
  Darren Engels                                     darren@tailwindassociates.ca 
                                                http://www.tailwindassociates.ca 
 FTI Consulting (Financial PR)                               +44(0) 20 3727 1000 
  Ben Brewerton                               transglobeenergy@fticonsulting.com 
  Genevieve Ryan 
 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 409

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END

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December 24, 2020 02:00 ET (07:00 GMT)

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