TransGlobe Energy Corporation Transglobe Announces AGM Voting Results (1992L)
May 12 2022 - 1:02AM
UK Regulatory
TIDMTGL
RNS Number : 1992L
TransGlobe Energy Corporation
12 May 2022
TRANSGLOBE ENERGY CORPORATION ANNOUNCES AGM VOTING RESULTS
AND CONFIRMATION OF BOARD CHANGES
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, May 12, 2022 - TransGlobe Energy Corporation
("TransGlobe" or the "Company") announces its AGM voting
results.
Report in Respect of Voting Results Pursuant to Section 11.3
of
National Instrument 51-102 - Continuous Disclosure
Obligations
The following sets forth a brief description of each matter
voted upon at the annual general meeting (the "Meeting") of the
holders of common shares of TransGlobe Energy Corporation
("TransGlobe" or the "Company") held on May 11 , 2022 and the
outcome of the vote:
Votes Against
Votes For or Withheld
Outcome (ballots (ballots
Description of Matter of Vote only) only)
---------------------------------------------- ----------- ----------- --------------
1. Ordinary resolution fixing
the number of directors of TransGlobe
to be elected at the Meeting at
five (5). Approved 29,545,620 379,496
98.73 % 1.27 %
2. Ordinary resolution electing
the following nominees to serve
as directors of TransGlobe for
the ensuing year, or until their
successors are duly elected or
appointed, as more particularly
described in the information circular
of TransGlobe dated April 8, 2022
(the "Information Circular"):
David B. Cook Approved 25,225,311 4,699,805
84.29 % 15.71 %
Randall C. Neely 25,602,635 4,322,481
85.56 % 14.44 %
Jennifer Kaufield 25,813,679 4,121,542
86.23 % 13.77 %
Edward D. LaFehr 26,215,266 3,709,850
87.60% 12.40%
Timothy R. Marchant 18,253,841 11,671,275
61.00 % 39.00 %
3. Ordinary resolution appointing
Deloitte LLP, as auditors of TransGlobe
for the ensuing year and to authorize
the directors of TransGlobe to
fix their remuneration as such. Approved 40,220,102 265,094
99.35% 0.65%
Approved 25,982,656 3,942,459
86.83 % 13.17 %
4. Advisory resolution accepting
the Company's approach to executive
compensation, as described in
the Information Circular.
Mr. Ross Clarkson, founder and past CEO and President of
TransGlobe, decided not to stand for re-election at this year's
shareholder meeting. Mr. Clarkson has had a longstanding, positive
collaboration with the senior management and the Board of
Directors. His decision to not stand was driven by the preliminary
voting results of the shareholders at the upcoming AGM.
From Randy Neely, President & CEO, and Director:
"On behalf of the Board and Management, I would like to
personally thank Ross for his nearly three decades of strategic
leadership and commitment to the organization he founded. Ross was
instrumental in stewarding TransGlobe Energy through many
challenges and successes with integrity and vision. Under Ross's
leadership and guidance, TransGlobe transformed from a start-up
exploration company to a 13,000 boed producer with two profitable
business units in Egypt and Canada, an unlevered balance sheet and
well positioned to participate in stronger commodity prices. Having
the founding CEO on the Board of Directors was an invaluable
resource for me and Ross's deep expertise, along with his sage
advice, will be sorely missed by everyone at TransGlobe."
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
Tailwind Associates (Investor Relations) +1 403 618 8035
Darren Engels darren@tailwindassociates.ca
http://www.tailwindassociates.ca
Canaccord Genuity (Nomad & Joint-Broker)
Henry Fitzgerald-O'Connor
James Asensio +44(0) 20 7523 8000
Shore Capital (Joint Broker)
Toby Gibbs
John More +44(0) 20 7408 4090
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