TransGlobe Energy Corporation Director/PDMR Shareholding

Data : 15/05/2020 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Transglobe Energy Corporation (TGL)
Quotazione : 45.5  0.0 (0.00%) @ 08:41
Quotazione Transglobe Energy Grafico

TransGlobe Energy Corporation Director/PDMR Shareholding

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TIDMTGL

RNS Number : 9863M

TransGlobe Energy Corporation

15 May 2020

TRANSGLOBE ENERGY CORPORATION ANNOUNCES

DIRECTOR/PDMR SHAREHOLDINGS

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

Calgary, Alberta, May 15, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on May 14, 2020 Stock Options previously granted to Ross Clarkson and Randy Neely on May 14, 2015 have expired.

 
                      Position          Type     Quantity    Quantity     Exercise          Number 
                                                  Previous    Expired      Price of      Held Following 
                                                  Awarded                Grant ($Cdn)      Expiration 
                  Non-Independent     Stock 
 Ross Clarkson     Director            Option    1,374,577   306,000        $4.99          1,068,577 
                 ------------------  ---------  ----------  ---------  --------------  ---------------- 
                  President and 
                   Chief Executive    Stock 
 Randy Neely       Officer             Option    1,100,588   162,000        $4.99           938,588 
                 ------------------  ---------  ----------  ---------  --------------  ---------------- 
 

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                     Ross Clarkson             Randy Neely 
       a) Name 
      2) Reason for the notification            Director           President and Chief 
       a) Position / status                                          Executive Officer 
                                        -----------------------  ----------------------- 
      b) Initial notification             Initial notification     Initial notification 
       / amendment 
                                        -----------------------  ----------------------- 
      3) Details of the issuer             TransGlobe Energy        TransGlobe Energy 
       a) Name                                 Corporation              Corporation 
                                        -----------------------  ----------------------- 
      b) Legal Entity Identifier          549300QMNS6BDY8UUB03     549300QMNS6BDY8UUB03 
                                        -----------------------  ----------------------- 
      4) Details of transaction               Stock Option             Stock Option 
       a) Description of financial 
       instrument 
                                        -----------------------  ----------------------- 
      b) Identification code             ISIN for TransGlobe      ISIN for TransGlobe 
                                          Energy Corporation       Energy Corporation 
                                          Ordinary Shares:         Ordinary Shares: 
                                          CA8936621066             CA8936621066 
                                        -----------------------  ----------------------- 
      c) Nature of the transaction       Expiry of Stock Option   Expiry of Stock Option 
                                        -----------------------  ----------------------- 
      d) Price(s) and volume(s)          Exercise Price: Cdn      Exercise Price: Cdn 
                                          $4.99                    $4.99 
                                          Volume: 306,000          Volume: 162,000 
                                        -----------------------  ----------------------- 
            e) Aggregated information:   Exercise Price: $4.99    Exercise Price: $4.99 
             i) Price                     Cdn per Stock Option     Cdn per Stock Option 
             ii) Volume                   Volume: 306,000 Stock    Volume: 162,000 Stock 
                                          Options                  Options 
                                        -----------------------  ----------------------- 
      f) Date of the transaction              May 14, 2020             May 14, 2020 
                                        -----------------------  ----------------------- 
      g) Place of Transaction              Outside a trading        Outside a trading 
                                                  venue                    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: 
 TransGlobe Energy                                                   Via FTI Consulting 
 Randy Neely, President and Chief 
  Executive Officer 
 Eddie Ok, Chief Financial Officer 
 
 Canaccord Genuity (Nomad & Sole 
  Broker)                                                          +44 (0) 20 7523 8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
 FTI Consulting (Financial PR)                                     +44 (0) 20 3727 1000 
 Ben Brewerton                                       transglobeenergy@fticonsulting.com 
 Genevieve Ryan 
 
 Tailwind Associates (Investor Relations) 
 Darren Engels                                             darren@tailwindassociates.ca 
                                                       http://www.tailwindassociates.ca 
                                                                        +1 403.618.8035 
 
                                                     investor.relations@trans-globe.com 
                                                             http://www.trans-globe.com 
                                                                        +1 403.264.9888 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 15, 2020 02:00 ET (06:00 GMT)

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