TIDMTGL

RNS Number : 7482O

TransGlobe Energy Corporation

03 June 2020

TRANSGLOBE ENERGY CORPORATION ANNOUNCES DIRECTOR/PDMR SHAREHOLDINGS

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

Calgary, Alberta, June 3, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that it was notified on June 2, 2020 that on May 29, 2020, June 1, 2020 and June 2, 2020 Tim Marchant 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 
 Tim Marchant       May 29, 2020          10,500      Cdn $0.6995       10,500           0.055% 
                --------------------  --------------  -----------  ----------------  -------------- 
            June 1, 2020                  10,500      Cdn $0.6995       21,000 
 -----------------------------------  --------------  -----------  ----------------  -------------- 
            June 2, 2020                  19,000      Cdn $0.6876       40,000 
 -----------------------------------  --------------  -----------  ----------------  -------------- 
 

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

 
 1       Details of PDMR 
   a)    Name                             Tim Marchant 
        -------------------------------  --------------------------------------- 
 2       Reason for the notification 
        -------------------------------  --------------------------------------- 
   a)    Position / status                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 
        -------------------------------  --------------------------------------- 
   b)    Identification code              ISIN for TransGlobe Energy Corporation 
                                           Ordinary Shares: CA8936621066 
        -------------------------------  --------------------------------------- 
   c)    Nature of the transaction        Acquisition of Shares 
        -------------------------------  --------------------------------------- 
   d)    Price(s) and volume(s)           Price ($Cdn) Volume 
        -------------------------------  --------------------------------------- 
                                          $0.70 10,000 
 --------------------------------------  --------------------------------------- 
                                          $0.69 500 
 --------------------------------------  --------------------------------------- 
         Aggregated information 
   e)     - 
        -------------------------------  --------------------------------------- 
       Aggregated volume -                10,000 common shares 
 --------------------------------------  --------------------------------------- 
       Aggregated price                   $0.70 Cdn per share 
 --------------------------------------  --------------------------------------- 
       Aggregated volume -                500 common shares 
 --------------------------------------  --------------------------------------- 
       Aggregated price                   $0.69 Cdn per share 
 --------------------------------------  --------------------------------------- 
   f)    Date of the transaction          May 29, 2020 
        -------------------------------  --------------------------------------- 
   g)    Place of the transaction         TSX 
        -------------------------------  --------------------------------------- 
 
 
 1       Details of PDMR 
   a)    Name                             Tim Marchant 
        -------------------------------  --------------------------------------- 
 2       Reason for the notification 
        -------------------------------  --------------------------------------- 
   a)    Position / status                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 
        -------------------------------  --------------------------------------- 
   b)    Identification code              ISIN for TransGlobe Energy Corporation 
                                           Ordinary Shares: CA8936621066 
        -------------------------------  --------------------------------------- 
   c)    Nature of the transaction        Acquisition of Shares 
        -------------------------------  --------------------------------------- 
   d)    Price(s) and volume(s)           Price ($Cdn) Volume 
        -------------------------------  --------------------------------------- 
                                          $0.70 10,000 
 --------------------------------------  --------------------------------------- 
                                          $0.69 500 
 --------------------------------------  --------------------------------------- 
         Aggregated information 
   e)     - 
        -------------------------------  --------------------------------------- 
              Aggregated volume -         10,000 common shares 
        -------------------------------  --------------------------------------- 
              Aggregated price            $0.70 Cdn per share 
        -------------------------------  --------------------------------------- 
              Aggregated volume -         500 common shares 
        -------------------------------  --------------------------------------- 
              Aggregated price            $0.69 Cdn per share 
        -------------------------------  --------------------------------------- 
   f)    Date of the transaction          June 1, 2020 
        -------------------------------  --------------------------------------- 
   g)    Place of the transaction         TSX 
        -------------------------------  --------------------------------------- 
 
 1       Details of PDMR 
        ------------------------------------------------------------------------ 
   a)    Name                             Tim Marchant 
        -------------------------------  --------------------------------------- 
 2       Reason for the notification 
        -------------------------------  --------------------------------------- 
   a)    Position / status                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 
        -------------------------------  --------------------------------------- 
   b)    Identification code              ISIN for TransGlobe Energy Corporation 
                                           Ordinary Shares: CA8936621066 
        -------------------------------  --------------------------------------- 
   c)    Nature of the transaction        Acquisition of Shares 
        -------------------------------  --------------------------------------- 
   d)    Price(s) and volume(s)           Price ($Cdn) Volume 
        -------------------------------  --------------------------------------- 
                                          $0.7072 9,000 
 --------------------------------------  --------------------------------------- 
                                          $0.67 10,000 
 --------------------------------------  --------------------------------------- 
         Aggregated information 
   e)     - 
        -------------------------------  --------------------------------------- 
       Aggregated volume -                9,000 common shares 
 --------------------------------------  --------------------------------------- 
       Aggregated price                   $0.7072 Cdn per share 
 --------------------------------------  --------------------------------------- 
       Aggregated volume -                10,000 common shares 
 --------------------------------------  --------------------------------------- 
       Aggregated price                   $0.67 Cdn per share 
 --------------------------------------  --------------------------------------- 
   f)    Date of the transaction          June 2, 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                                                   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 
 

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