TIDMTGL

RNS Number : 5230M

TransGlobe Energy Corporation

17 September 2019

TRANSGLOBE ENERGY CORPORATION ANNOUNCES

AN UPDATE TO A SIGNIFICANT SHAREHOLDER

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

Calgary, Alberta, September 17, 2019

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer) 
 
 1a. Identity of the issuer or the underlying                           TransGlobe Energy Corporation 
  issuer of existing shares to which voting 
  rights are attached: 
                                                                    ------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please 
  mark with an "X" if appropriate) 
 Non-UK issuer                                                                                        x 
                                                                                                     --- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
 An acquisition or disposal of voting rights                                                          x 
                                                                                                     --- 
 An acquisition or disposal of financial instruments 
                                                                                                     --- 
 An event changing the breakdown of voting rights 
                                                                                                     --- 
 Other (please specify): Total number of voting rights of 
  issuer changed as a result of completion of tender offer. 
                                                                                                     --- 
 3. Details of person subject to the notification obligation 
 Name                                                                Morgan Stanley 
 City and country of registered office                               Wilmington, Delaware, 
  (if applicable)                                                     USA 
 4. Full name of shareholder(s) (if different from 3.) 
 Name                                                                Morgan Stanley & Co. LLC 
                                                                    ------------------------------------ 
 City and country of registered office                               Wilmington, Delaware, 
  (if applicable)                                                     USA 
                                                                    ------------------------------------ 
 5. Date on which the threshold was crossed                          11/09/2019 
  or reached: 
                                                                    ------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):                      13/09/2019 
                                                                    ------------------------------------ 
 7. Total positions of person(s) subject to the notification 
  obligation 
                             % of voting             % of voting           Total of     Total number 
                            rights attached         rights through          both in      of voting 
                               to shares        financial instruments       % (8.A +     rights of 
                               (total of              (total of               8.B)       issuer 
                                 8. A)               8.B 1 + 8.B 
                                                          2) 
                          -----------------  --------------------------  ------------  ----------------- 
 Resulting situation 
  on the date on which 
  threshold was crossed 
  or reached                    5.74%                   0.00%                5.74%         72,542,071 
                          -----------------  --------------------------  ------------  ----------------- 
 Position of previous 
  notification (if 
  applicable)                   6.90%                   0.00%                6.90% 
                          -----------------  --------------------------  ------------  ----------------- 
 
 
 
 8. Notified details of the resulting situation on the date 
  on which the threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of             Number of voting rights                  % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                                 Direct              Indirect           Direct           Indirect 
                                (Art 9 of           (Art 10 of         (Art 9 of         (Art 10 of 
                                Directive            Directive         Directive         Directive 
                               2004/109/EC)        2004/109/EC)       2004/109/EC)      2004/109/EC) 
                                 (DTR5.1)           (DTR5.2.1)          (DTR5.1)         (DTR5.2.1) 
                                                ----------------- 
 CA8936621066                       -               4,165,726              -               5.74% 
                          --------------------  -----------------  ----------------  ---------------- 
 
 SUBTOTAL 8. A                           4,165,726                                5.74% 
                          ---------------------------------------  ---------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of         Expiration        Exercise/                Number of voting rights       % of voting 
  financial       date              Conversion Period        that may be acquired          rights 
  instrument                                                 if the instrument 
                                                             is 
                                                             exercised/converted. 
                ----------------  -----------------------  ----------------------------  ------------ 
 
                                   SUBTOTAL 8. B 
                                    1 
                                  -----------------------  ----------------------------  ------------ 
 
 
 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration   Exercise/     Physical or      Number of        % of voting 
  financial     date         Conversion    cash             voting rights    rights 
  instrument                 Period        settlement 
              -----------  ------------  ---------------  --------------- 
 
                                          SUBTOTAL 8.B.2 
                                         ---------------  --------------- 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control 
  any other undertaking(s) holding directly or indirectly 
  an interest in the (underlying) issuer 
 Full chain of controlled undertakings through which the                                   X 
  voting rights and/or the 
  financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity 
  (please add additional rows as necessary) 
           Name                  % of voting        % of voting rights       Total of both 
                                   rights if         through financial        if it equals 
                                   it equals          instruments if          or is higher 
                                 or is higher          it equals or        than the notifiable 
                              than the notifiable     is higher than            threshold 
                                   threshold          the notifiable 
                                                         threshold 
                            ---------------------  -------------------  ----------------------- 
 Morgan Stanley & Co. LLC           4.92%                                        4.92% 
                            ---------------------  -------------------  ----------------------- 
 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
 
 The number and % of voting rights 
  held 
 
 The date until which the voting rights 
  will be held 
 
 
 11. Additional information 
 
 
 
 Place of completion   Glasgow 
 Date of completion    13/09/2019 
                      ----------- 
 

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: +1 403.444.4787 
  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, 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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