RNS Number : 4901Z
TransGlobe Energy Corporation
21 May 2021
 

 

 

TRANSGLOBE ENERGY CORPORATION ANNOUNCES

DIRECTOR/PDMR SHAREHOLDINGS

 

AIM & TSX:  "TGL" & NASDAQ:  "TGA"

 

Calgary, Alberta, May 21, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on May 17, 2021, David Cook, Ross Clarkson, Edward LaFehr, Tim Marchant and Steven Sinclair all Directors of the Company received Deferred Share Units ("DSUs") as part of the Company's director compensation program and will count towards their respective shareholding requirements. 

 

Director

Number of DSUs issued

Price

Granted

($Cdn)

Number of DSUs held following the transaction

% of Company's issued share capital held

David Cook

48,649

$1.85

383,685

DSUs are settled in cash and have no effect on share capital

Ross Clarkson

37,838

$1.85

131,073

Edward LaFehr

37,838

$1.85

131,073

Tim Marchant

37,838

$1.85

100,167

Steven Sinclair

37,838

$1.85

186,432

 

The DSUs were issued in accordance with the Deferred Share Unit Plan of the Company.  No shares will be issued upon retirement or vesting of any of the share units as the instruments are settled in cash.

 

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

David Cook

Ross Clarkson

Edward LaFehr

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

Grant of Deferred Share Units

Grant of Deferred Share Units

d)    Price(s) and volume(s)

Price: Cdn $1.85

Volume: 48,649

Price: Cdn $1.85

Volume: 37,838

Price: Cdn $1.85

Volume: 37,838

e)     Aggregated information:

i)      Price

ii)     Volume

Price: $1.85 Cdn per DSU

Volume: 48,649 DSUs

Price: $1.85 Cdn per DSU

Volume: 37,838 DSUs

Price: $1.85 Cdn per DSU

Volume: 37,838 DSUs

f)      Date of the transaction

May 17, 2021

May 17, 2021

May 17, 2021

g)    Place of Transaction

Outside a trading venue

Outside a trading venue

Outside a trading venue

 

1)     Details of PDMR

a)   Name

Tim Marchant

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

Grant of Deferred Share Units

d)    Price(s) and volume(s)

Price: Cdn $1.85

Volume: 37,838

Price: Cdn $1.85

Volume: 37,838

e)   Aggregated information:

i)  Price

ii)             Volume

Price: $1.85 Cdn per DSU

Volume: 37,838 DSUs

Price: $1.85 Cdn per DSU

Volume: 37,838 DSUs

f)    Date of the transaction

May 17, 2021

May 17, 2021

g)  Place of Transaction

Outside a trading venue

Outside a trading 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

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

 

Tailwind Associates (Investor Relations)

Darren Engels

+1 403 618 8035

darren@tailwindassociates.ca

http://www.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 4090

 

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