TRANSGLOBE ENERGY CORPORATION ANNOUNCES DIRECTOR/PDMR
SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, December 15, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that it was notified on December 11, 2020 that Randy Neely acquired common shares as follows.
| PDMR | Date of Acquisition | Number of Common Shares Acquired | Price | Number of Common Shares held following the transaction | % of Company's issued share capital held | |
| Randy Neely | December 11, 2020 | 50,000 | CAD $1.23 | 250,000 | 0.34% | |
Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014
| 1 1 | Details of PDMR | |
| a) | Name | Randy Neely |
| 2 | Reason for the notification | |
| a) | Position / status | President & Chief Executive Officer |
| b) | Initial notification / amendment | Initial notification |
| 3 | Details of the issuer | |
| a) | Name | TransGlobe Energy Corporation |
| b) | Legal Entity Identifier | 549300QMNS6BDY8UUB03 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument | Common Shares |
| b) | Identification code | ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 |
| c) | Nature of the transaction | Acquisition of Shares |
| d) | Price(s) and volume(s) | Price ($CAD) Volume |
| | | $1.23 50,000 |
| e) | Aggregated information - | |
| | Aggregated volume - | 50,000 common shares |
| | Aggregated price | $1.23 CAD per share |
| f) | Date of the transaction | December 11, 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 Corporation Randy Neely, President and CEO Eddie Ok, CFO | +1 403 264 9888 investor.relations@trans-globe.com http://www.trans-globe.com or via Tailwind Associates or FTI Consulting
|
| Tailwinds Associates (Investor Relations) Darren Engels | +1 403 618 8035 darren@tailwindassociates.ca |
| FTI Consulting (Financial PR) Ben Brewerton Genevieve Ryan | +44(0) 20 3727 1000 transglobeenergy@fticonsulting.com |
| 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 409 |
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