TIDMTGL
RNS Number : 3622M
TransGlobe Energy Corporation
16 September 2019
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
DIRECTOR/PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, September 16, 2019 - TransGlobe Energy
Corporation ("TransGlobe" or the "Company") announces that on
September 13, 2019, David Cook, Carol Bell, Edward LaFehr, Susan
MacKenzie, and Steven Sinclair, all Independent Directors, received
Deferred Share Units ("DSUs") as a result of the Company having
declared a dividend:
Director Number of Price Number of DSUs % of Company's
DSUs granted Granted held following issued share
($Cdn) the transaction capital held
DSUs are settled
in cash and
have no effect
David Cook 6,053 $1.90 254,898 on share capital
-------------- --------- ----------------- ------------------
Carol Bell 734 $1.90 30,906
-------------- --------- ----------------- ------------------
Edward LaFehr 734 $1.90 30,906
-------------- --------- -----------------
Susan MacKenzie 3,690 $1.90 155,371
-------------- --------- -----------------
Steven Sinclair 2,049 $1.90 86,266
-------------- --------- ----------------- ------------------
Also on September 13, 2019, Ross Clarkson (Non-Independent
Director) received DSUs as a result of the Company having declared
a dividend:
Director Number of Price Number of DSUs % of Company's
DSUs granted Granted held following issued share
($Cdn) the transaction capital held
DSUs are settled
in cash and
have no effect
Ross Clarkson 734 $1.90 30,906 on share capital
-------------- --------- ----------------- ------------------
As well the Company announces that on September 13, 2019, Randy
Neely (President and Chief Executive Officer), Lloyd Herrick
(Executive Vice President) and Edward Ok (Vice President Finance
and Chief Financial Officer), all persons discharging managerial
responsibilities with the Corporation, received Performance Share
Units ("PSUs") and Restricted Share Units ("RSUs") as a result of
the Company having declared a dividend. Also on September 13, 2019,
Geoff Probert (Vice President and Chief Operating Officer), a
person discharging managerial responsibilities with the
Corporation, received Performance Share Units ("PSUs") as a result
of the Company having declared a dividend.
Also on September 13, 2019, Ross Clarkson (Non-Independent
Director) received Performance Share Units ("PSUs") and Restricted
Share Units ("RSUs") as a result of the Company having declared a
dividend. Prior to Mr. Clarkson's retirement as CEO on December 31,
2018, he was a participant in the Company's long term incentive
plans and as such was the recipient of PSUs and RSUs.
PDMR Position Type Quantity Exercise Number Held
Awarded Price/Price Following
of Grant Grant
($Cdn)
President and
Chief Executive
Randy Neely Officer PSU 7,989 $1.90 336,417
---------------------- ------ --------- ------------- ------------
RSU 276 $1.90 11,623
------------------------------------------------ --------- ------------- ------------
Executive Vice
Lloyd Herrick President PSU 8,454 $1.90 356,011
---------------------- ------ --------- ------------- ------------
RSU 412 $1.90 17,342
------------------------------------------------ --------- ------------- ------------
Vice President
Finance and Chief
Edward Ok Financial Officer PSU 3,563 $1.90 150,023
---------------------- ------ --------- ------------- ------------
RSU 203 $1.90 8,532
------------------------------------------------ --------- ------------- ------------
Vice President
and Chief Operating
Geoffrey Probert Officer PSU 1,905 $1.90 80,219
---------------------- ------ --------- ------------- ------------
DIRECTOR Position Type Quantity Exercise Number Held
Awarded Price/Price Following
of Grant Grant
($Cdn)
Non-Independent
Ross Clarkson Director PSU 7,097 $1.90 298,841
----------------- ------ --------- ------------- ------------
RSU 519 $1.90 21,870
---------------------------------------- --------- ------------- ------------
The newly granted share units were granted in accordance with
the Deferred Share Unit Plan, Performance Share Unit Plan and the
Restricted 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. The DSUs will count towards the
respective shareholdings requirements for directors as outlined in
the Company's compensation policy which is voted on by shareholders
annually.
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 David Cook Carol Bell Edward LaFehr
a) Name
2) Reason for the Independent Director Independent Director Independent
notification Director
a) Position / status
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Deferred Share Deferred Share Deferred Share
a) Description of Units Units Units
financial instrument
--------------------- --------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c) Nature of the Grant of Deferred Grant of Deferred Grant of Deferred
transaction Share Units due Share Units due Share Units
to dividend to dividend due to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90
volume(s) Volume: 6,053 Volume: 734 Volume: 734
--------------------- --------------------- ---------------------
e) Aggregated information: Price: $1.90 Price: $1.90
i) Price Cdn per DSU Price: $1.90 Cdn per DSU
ii) Volume Volume: 6,053 Cdn per DSU Volume: 734
DSUs Volume: 734 DSUs DSUs
--------------------- --------------------- ---------------------
f) Date of the transaction September 13, September 13, September 13,
2019 2019 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Susan MacKenzie Steven Sinclair Ross Clarkson
a) Name
2) Reason for the Independent Director Independent Director Non-Independent
notification Director
a) Position / status
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Deferred Share Deferred Share Deferred Share
a) Description of Units Units Units
financial instrument
--------------------- --------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c) Nature of the Grant of Deferred Grant of Deferred Grant of Deferred
transaction Share Units due Share Units due Share Units due
to dividend to dividend to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90
volume(s) Volume: 3,690 Volume: 2,049 Volume: 734
--------------------- --------------------- ---------------------
e) Aggregated information: Price: $1.90 Price: $1.90
i) Price Cdn per DSU Cdn per DSU Price: $1.90
ii) Volume Volume: 3,690 Volume: 2,049 Cdn per DSU
DSUs DSUs Volume: 734 DSUs
--------------------- --------------------- ---------------------
f) Date of the transaction September 13, September 13, September 13,
2019 2019 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Randy Neely Lloyd Herrick Edward Ok
a) Name
2) Reason for the President and Executive Vice Vice President
notification Chief Executive President Finance and Chief
a) Position / status Officer Financial Officer
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Performance Share Performance Performance Share
a) Description of Units Share Units Units
financial instrument
--------------------- --------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c) Nature of the Grant of PSUs Grant of PSUs Grant of PSUs
transaction due to dividend due to dividend due to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90
volume(s) Volume: 7,989 Volume: 8,454 Volume: 3,563
--------------------- --------------------- ---------------------
e) Aggregated information:
i) Price Price: $ 1.90 Price: $1.90 Price: $1.90
ii) Volume Cdn per PSU Cdn per PSU Cdn per PSU
Volume: 7,989 Volume: 8,454 Volume: 3,563
PSUs PSUs PSUs
--------------------- --------------------- ---------------------
f) Date of the transaction September 13, September 13, September 13,
2019 2019 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Geoffrey Probert Ross Clarkson
a) Name
2) Reason for the Vice President Non-Independent
notification and Chief Operating Director
a) Position / status Officer
--------------------- ---------------------
b) Initial notification Initial notification Initial notification
/ amendment
--------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation
a) Name
--------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- ---------------------
4) Details of transaction Performance Share Performance
a) Description of Units Share Units
financial instrument
--------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066
--------------------- ---------------------
c) Nature of the Grant of PSUs Grant of PSUs
transaction due to dividend due to dividend
--------------------- ---------------------
d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90
volume(s) Volume: 1,905 Volume: 7,097
--------------------- ---------------------
e) Aggregated information:
i) Price Price: $1.90 Price: $1.90
ii) Volume Cdn per PSU Cdn per PSU
Volume: 1,905 Volume: 7,097
PSUs PSUs
--------------------- ---------------------
f) Date of the transaction September 13, September 13,
2019 2019
--------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading
venue venue
--------------------- ---------------------
1) Details of PDMR Randy Neely Lloyd Herrick Edward Ok
a) Name
2) Reason for the President and Executive Vice Vice President
notification Chief Executive President Finance and Chief
a) Position / status Officer Financial Officer
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Restricted Share Restricted Share Restricted Share
a) Description of Units Units Units
financial instrument
--------------------- --------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c) Nature of the Grant of RSUs Grant of RSUs Grant of RSUs
transaction due to dividend due to dividend due to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90
volume(s) Volume: 276 Volume: 412 Volume: 203
--------------------- --------------------- ---------------------
e) Aggregated information:
i) Price Price: $1.90 Price: $1.90 Price: $1.90
ii) Volume Cdn per RSU Cdn per RSU Cdn per RSU
Volume: 276 RSUs Volume: 412 Volume: 203 RSUs
RSUs
--------------------- --------------------- ---------------------
f) Date of the transaction September 13, September 13, September 13,
2019 2019 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Ross Clarkson
a) Name
2) Reason for the Non-Independent
notification Director
a) Position / status
---------------------
b) Initial notification Initial notification
/ amendment
---------------------
3) Details of the TransGlobe Energy
issuer Corporation
a) Name
---------------------
b) Legal Entity 549300QMNS6BDY8UUB03
Identifier
---------------------
4) Details of transaction Restricted Share
a) Description of Units
financial instrument
---------------------
b) Identification ISIN for TransGlobe
code Energy Corporation
Ordinary Shares:
CA8936621066
---------------------
c) Nature of the Grant of RSUs
transaction due to dividend
---------------------
d) Price(s) and Price: Cdn $1.90
volume(s) Volume: 519
---------------------
e) Aggregated information:
i) Price Price: $1.90
ii) Volume Cdn per RSU
Volume: 519
RSUs
---------------------
f) Date of the transaction September 13,
2019
---------------------
g) Place of Transaction Outside a trading
venue
---------------------
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:
Investor Relations
Telephone: +1 403.264.9888
Email: investor.relations@trans-globe.com
Web site: http://www.trans-globe.com
TransGlobe Energy Via FTI Consulting
Randy Neely, President and Chief
Executive Officer
Eddie Ok, Vice President and Chief
Financial Officer
Canaccord Genuity (Nomad & Joint
Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
GMP First Energy (Joint Broker) +44 (0) 20 7448 0200
Jonathan Wright
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton transglobeenergy@fticonsulting.com
Genevieve Ryan
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END
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