TransGlobe Energy Corporation Announces Director/PDMR Shareholdings
April 23 2019 - 1:00AM
TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM
& TSX: “TGL” & NASDAQ: “TGA”) announces that on April 18,
2019, Robert Jennings, Susan MacKenzie, David Cook, Matt Brister,
and Steven Sinclair all Independent Directors received Deferred
Share Units (“
DSUs”) as a result of the Company
having declared a dividend:
Director |
Number of DSUs granted |
PriceGranted($Cdn) |
Number of DSUs held following the transaction |
% of Company's issued share capital held |
Robert Jennings |
3,112 |
$2.49 |
168,544 |
DSUs are settled in cash and have no effect on share
capital |
Susan MacKenzie |
2,243 |
$2.49 |
121,509 |
David Cook |
3,878 |
$2.49 |
210,052 |
Matt Brister |
998 |
$2.49 |
54,045 |
Steven Sinclair |
998 |
$2.49 |
54,045 |
As well the Company announces that on April 18,
2019, Randy Neely (President and Chief Executive Officer), Lloyd
Herrick (Executive Vice President) and Edward Ok (Vice President
Finance & CFO), all persons discharging managerial
responsibilities with the Corporation, received Performance Share
Units (“PSUs”) and Restricted Share Units
(“RSUs”) as a result of the Company having
declared a dividend. Also on April 18, 2019 Geoffrey Probert
(Chief Operating Officer) a person discharging managerial
responsibilities with the Corporation, received Performance Share
Units (“PSUs”) as a result of the Company having
declared a dividend.
Also on April 18, 2019 Ross Clarkson
(Non-Independent Director) received Performance Share Units
(“PSUs”) and Restricted Share Units
(“RSUs”) as a result of the Company having
declared a dividend. Prior to Mr. Clarkson’s retirement as
CEO on December 31, 2018, he was a participant in the Company’s
long term incentive plans and as such was the recipient of PSUs and
RSUs.
PDMR |
Position |
Type |
Quantity Awarded |
Exercise Price/Price of Grant ($Cdn) |
Number Held Following Grant |
Randy Neely |
President and Chief Executive Officer |
PSU |
7,881 |
$2.49 |
426,873 |
RSU |
419 |
$2.49 |
22,691 |
Lloyd Herrick |
Executive Vice President |
PSU |
8,453 |
$2.49 |
457,861 |
RSU |
625 |
$2.49 |
33,864 |
Edward Ok |
Vice
President Finance and Chief |
PSU |
2,937 |
$2.49 |
159,103 |
|
Financial Officer |
RSU |
385 |
$2.49 |
20,872 |
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PDMR |
Position |
Type |
Quantity Awarded |
Exercise Price/Price of Grant ($Cdn) |
Number Held Following Grant |
Geoffrey Probert |
Vice President and Chief Operating Officer |
PSU |
1,446 |
$2.49 |
78,314 |
DIRECTOR |
Position |
Type |
Quantity Awarded |
Exercise Price/Price of Grant ($Cdn) |
Number Held Following Grant |
Ross Clarkson |
Non-Independent Director |
PSU |
7,954 |
$2.49 |
430,813 |
RSU |
788 |
$2.49 |
42,707 |
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 a)
Name |
Robert Jennings |
Susan MacKenzie |
David Cook |
2) Reason for the notification
a) Position / status |
Director |
Director |
Director |
b) Initial notification /
amendment |
Initial notification |
Initial notification |
Initial notification |
3) Details of the issuer
a) Name |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
b) Legal Entity Identifier |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
4) Details of transaction
a) Description of financial instrument |
Deferred Share Units |
Deferred Share Units |
Deferred Share Units |
b) Identification code |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
c) Nature of the transaction |
Grant of Deferred Share Units due to dividend |
Grant of Deferred Share Units due to dividend |
Grant of Deferred Share Units due to dividend |
d) Price(s) and volume(s) |
Price: Cdn $2.49Volume: 3,112 |
Price: Cdn $2.49Volume: 2,243 |
Price: Cdn $2.49Volume: 3,878 |
e) Aggregated information:
i) Price
ii) Volume |
Price: $2.49 Cdn per DSUVolume: 3,112 DSUs |
Price: $2.49 Cdn per DSUVolume: 2,243 DSUs |
Price: $2.49 Cdn per DSUVolume: 3,878 DSUs |
f) Date of the transaction |
April 18, 2019 |
April 18, 2019 |
April 18, 2019 |
g) Place of Transaction |
Outside a trading venue |
Outside a trading venue |
Outside a trading venue |
1) Details of PDMR a)
Name |
Matt Brister |
Steven Sinclair |
2) Reason for the notification
a) Position / status |
Director |
Director |
b) Initial notification /
amendment |
Initial notification |
Initial notification |
3) Details of the issuer
a) Name |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
b) Legal Entity Identifier |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
4) Details of transaction
a) Description of financial instrument |
Deferred Share Units |
Deferred Share Units |
b) Identification code |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
c) Nature of the transaction |
Grant of Deferred Share Units due to dividend |
Grant of Deferred Share Units due to dividend |
d) Price(s) and volume(s) |
Price: Cdn $2.49Volume: 998 |
Price: Cdn $2.49Volume: 998 |
e) Aggregated information:
i) Price
ii) Volume |
Price: $2.49 Cdn per DSUVolume: 998 DSUs |
Price: $2.49 Cdn per DSUVolume: 998 DSUs |
f) Date of the transaction |
April 18, 2019 |
April 18, 2019 |
g) Place of Transaction |
Outside a trading venue |
Outside a trading venue |
1) Details of PDMR a)
Name |
Randy Neely |
Lloyd Herrick |
Edward Ok |
2) Reason for the notification
a) Position / status |
President and Chief Executive Officer |
Executive Vice President |
Vice President Finance and Chief Financial Officer |
b) Initial notification /
amendment |
Initial notification |
Initial notification |
Initial notification |
3) Details of the issuer
a) Name |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
b) Legal Entity Identifier |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
4) Details of transaction
a) Description of financial instrument |
Performance Share Units |
Performance Share Units |
Performance Share Units |
b) Identification code |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
c) Nature of the transaction |
Grant of PSUs due to dividend |
Grant of PSUs due to dividend |
Grant of PSUs due to dividend |
d) Price(s) and volume(s) |
Price: Cdn $2.49Volume: 7,881 |
Price: Cdn $2.49Volume: 8,453 |
Price: Cdn $2.49Volume: 2,937 |
e) Aggregated information:
i) Price
ii) Volume |
Price: $2.49 Cdn per PSUVolume: 7,881 PSUs |
Price: $2.49 Cdn per PSUVolume: 8,453 PSUs |
Price: $2.49 Cdn per PSUVolume: 2,937 PSUs |
f) Date of the transaction |
April 18, 2019 |
April 18, 2019 |
April 18, 2019 |
g) Place of Transaction |
Outside a trading venue |
Outside a trading venue |
Outside a trading venue |
1) Details of PDMR a)
Name |
Geoffrey Probert |
Ross Clarkson |
2) Reason for the notification
a) Position / status |
Vice President and Chief Operating Officer |
Non-Independent Director |
b) Initial notification /
amendment |
Initial notification |
Initial notification |
3) Details of the issuer
a) Name |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
b) Legal Entity Identifier |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
4) Details of transaction
a) Description of financial instrument |
Performance Share Units |
Performance Share Units |
b) Identification code |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
c) Nature of the transaction |
Grant of PSUs due to dividend |
Grant of PSUs due to dividend |
d) Price(s) and volume(s) |
Price: Cdn $2.49Volume: 1,446 |
Price: Cdn $2.49Volume: 7,954 |
e) Aggregated information:
i) Price
ii) Volume |
Price: $2.49 Cdn per PSUVolume: 1,446 PSUs |
Price: $2.49 Cdn per PSUVolume: 7,954 PSUs |
f) Date of the transaction |
April 18, 2019 |
April 18, 2019 |
g) Place of Transaction |
Outside a trading venue |
Outside a trading venue |
1) Details of PDMR a)
Name |
Randy Neely |
Lloyd Herrick |
Edward Ok |
2) Reason for the notification
a) Position / status |
President and Chief Executive Officer |
Executive Vice President |
Vice President Finance and Chief Financial Officer |
b) Initial notification /
amendment |
Initial notification |
Initial notification |
Initial notification |
3) Details of the issuer
a) Name |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
TransGlobe Energy Corporation |
b) Legal Entity Identifier |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
549300QMNS6BDY8UUB03 |
4) Details of transaction
a) Description of financial instrument |
Restricted Share Units |
Restricted Share Units |
Restricted Share Units |
b) Identification code |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
ISIN for TransGlobe EnergyCorporation Ordinary
Shares:CA8936621066 |
c) Nature of the transaction |
Grant of RSUs due to dividend |
Grant of RSUs due to dividend |
Grant of RSUs due to dividend |
d) Price(s) and volume(s) |
Price: Cdn $2.49Volume: 419 |
Price: Cdn $2.49Volume: 625 |
Price: Cdn $2.49Volume: 385 |
e) Aggregated information:
i) Price
ii )Volume |
Price: $2.49 Cdn per RSUVolume: 419 RSUs |
Price: $2.49 Cdn per RSUVolume: 625 RSUs |
Price: $2.49 Cdn per RSUVolume: 385 RSUs |
f) Date of the transaction |
April 18, 2019 |
April 18, 2019 |
April 18, 2019 |
g) Place of Transaction |
Outside a trading venue |
Outside a trading venue |
Outside a trading venue |
1) Details of PDMR a)
Name |
Ross Clarkson |
2) Reason for the notification
a) Position / status |
Non-Independent Director |
b) Initial notification /
amendment |
Initial notification |
3) Details of the issuer
a) Name |
TransGlobe Energy Corporation |
b) Legal Entity Identifier |
549300QMNS6BDY8UUB03 |
4) Details of transaction
a) Description of financial instrument |
Restricted Share Units |
b) Identification code |
ISIN for TransGlobe Energy Corporation Ordinary Shares:
CA8936621066 |
c) Nature of the transaction |
Grant of RSUs due to dividend |
d) Price(s) and volume(s) |
Price: Cdn $2.49Volume: 788 |
e) Aggregated information:
i) Price
ii) Volume |
Price: $2.49 Cdn per RSUVolume: 788 RSUs |
f) Date of the transaction |
April 18, 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 RelationsTelephone: +1
403.264.9888Email: investor.relations@trans-globe.comWeb
site: http://www.trans-globe.com |
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TransGlobe
Energy |
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Via FTI Consulting |
Randy Neely, President
and Chief Executive Officer |
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Eddie Ok, Chief
Financial Officer |
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Canaccord
Genuity (Nomad & Joint Broker) |
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+44 (0)
20 7523 8000 |
Henry
Fitzgerald-O'Connor |
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James Asensio |
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GMP First Energy
(Joint Broker) |
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+44 (0) 20
7448 0200 |
Jonathan Wright |
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FTI Consulting
(Financial PR) |
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+44 (0) 20
3727 1000 |
Ben Brewerton |
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transglobeenergy@fticonsulting.com |
Genevieve Ryan |
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PDF
available: http://ml.globenewswire.com/Resource/Download/f2aea2d7-ce75-448e-bfb2-0003d3e980cc
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