TransGlobe Energy Corporation Director/PDMR Shareholding (3985T)
March 24 2021 - 12:00PM
UK Regulatory
TIDMTGL
RNS Number : 3985T
TransGlobe Energy Corporation
24 March 2021
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, March 24, 2021 - TransGlobe Energy Corporation
("TransGlobe" or the "Company") announces that on March 19, 2021 t
he Company issued stock options ("Options") to the President and
Chief Executive Officer, the Vice President Finance, Chief
Financial Officer and Corporate Secretary and the Vice President
and Chief Operating Officer (collectively referred to as the
"PDMR").
The Company also issued Performance Share Units ("PSUs") on
March 19, 2021 to the PDMR in accordance with the Performance 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.
PDMR Position Type Quantity Exercise Number Held
Awarded Price/Price Following
of Grant Grant
($Cdn)
President and
Chief Executive
Randy Neely Officer Option 163,655 $2.16 1,417,939
---------------------- -------- --------- ------------- ------------
PSU 209,115 $2.16 877,992
--------------------------------------------- --------- ------------- ------------
Vice President
Finance, Chief
Financial Officer
and Corporate
Edward Ok Secretary Option 81,522 $2.16 504,046
---------------------- -------- --------- ------------- ------------
PSU 104,167 $2.16 446,000
--------------------------------------------- --------- ------------- ------------
Vice President
Geoffrey and Chief Operating
Probert Officer Option 100,647 $2.16 451,155
---------------------- -------- --------- ------------- ------------
PSU 128,605 $2.16 449,235
--------------------------------------------- --------- ------------- ------------
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 Randy Neely Edward Ok Geoffrey Probert
of PDMR
a. Name
President and Vice President Vice President
2) Reason for Chief Executive Finance, Chief and Chief Operating
the notification Officer Financial Officer Officer
a. Position and Corporate
/ status Secretary
--------------------- --------------------- ---------------------
b. Initial Initial notification Initial notification Initial notification
notification
/ amendment
--------------------- --------------------- ---------------------
3) Details TransGlobe Energy TransGlobe Energy TransGlobe Energy
of the issuer Corporation Corporation Corporation
a. Name
--------------------- --------------------- ---------------------
b. Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details Options Options Options
of transaction
a. Description
of 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 Grant of Options Grant of Options Grant of Options
the transaction
--------------------- --------------------- ---------------------
d. Price(s) Exercise Price: Exercise Price: Exercise Price:
and volume(s) Cdn $2.16 Cdn $2.16 Cdn $2.16
Volume: 163,655 Volume: 81,522 Volume: 100,647
--------------------- --------------------- ---------------------
e. Aggregated Exercise Price: Exercise Price: Exercise Price:
information: $2.16 Cdn per $2.16 Cdn per $2.16 Cdn per
i. Price Option Option Option
ii. Volume Volume: 163,655 Volume: 81,522 Volume: 100,647
Options Options Options
--------------------- --------------------- ---------------------
f. Date of March 19, 2021 March 19, 2021 March 19, 2021
the transaction
--------------------- --------------------- ---------------------
g. Place of Outside a trading Outside a trading Outside a trading
Transaction venue venue venue
--------------------- --------------------- ---------------------
Notification of a Transaction pursuant to Article 19(3) of
Regulation (EU) No. 596/2014
1) Details Randy Neely Edward Ok Geoffrey Probert
of PDMR
a) Name
President and Vice President Vice President
2) Reason for Chief Executive Finance, Chief and Chief Operating
the notification Officer Financial Officer Officer
a) Position and Corporate
/ status Secretary
--------------------- --------------------- ---------------------
b) Initial Initial notification Initial notification Initial notification
notification
/ amendment
--------------------- --------------------- ---------------------
3) Details TransGlobe Energy TransGlobe Energy TransGlobe Energy
of the issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details Performance Share Performance Share Performance Share
of transaction Units Units Units
a) Description
of 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 Grant of PSUs Grant of PSUs Grant of PSUs
the transaction
--------------------- --------------------- ---------------------
d) Price(s) Price: Cdn $2.16 Price: Cdn $2.16 Price: Cdn $2.16
and volume(s) Volume: 209,115 Volume: 104,167 Volume: 128,605
--------------------- --------------------- ---------------------
e) Aggregated
information:
i) Price Price: $2.16 Price: $2.16 Price: $2.16
ii) Volume Cdn per PSU Cdn per PSU Cdn per PSU
Volume: 209,115 Volume: 104,167 Volume: 128,605
PSUs PSUs PSUs
--------------------- --------------------- ---------------------
f) Date of March 19, 2021 March 19, 2021 March 19, 2021
the transaction
--------------------- --------------------- ---------------------
g) Place of Outside a trading Outside a trading Outside a trading
Transaction venue venue venue
--------------------- --------------------- ---------------------
About TransGlobe
TransGlobe Energy Corporation is a cashflow 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 Corporation +1 403 264 9888
Randy Neely, President and CEO investor.relations@trans-globe.com
Eddie Ok, CFO http://www.trans-globe.com
or via Tailwind Associates
or
FTI Consulting
Tailwind Associates (Investor Relations) +1 403 618 8035
Darren Engels darren@tailwindassociates.ca
http://www.tailwindassociates.ca
FTI Consulting (Financial PR) +44(0) 20 3727 1000
Ben Brewerton transglobeenergy@fticonsulting.com
Genevieve Ryan
Canaccord Genuity (Nomad & Joint-Broker)
Henry Fitzgerald-O'Connor
James Asensio +44(0) 20 7523 8000
Shore Capital (Joint Broker)
Jerry Keen
Toby Gibbs +44(0) 20 7408 4090
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END
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