TRANSGLOBE ENERGY CORPORATION
DIRECTOR SHAREHOLDINGS AND PDMR DEALINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, March 31, 2022 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on March 25, 2022 Mr. Eddie Ok, Vice President, Finance, Chief Financial Officer and Corporate Secretary, exercised 187,251 stock options under the Company's SOP.
| Name | Position | Status | SOP Options Exercised | Shares Retained in Own Name | Shares Sold |
| Eddie Ok | Vice President, Finance, Chief Financial Officer and Corporate Secretary | PDMR | 187,251 | 51,405 | NIL |
The shares issued to each executive upon exercise were settled net of taxes payable. Following this transaction, Mr. Ok's total interest in TransGlobe shares is now as follows:
| Name | Shares Held | Shares from SOP | Resultant Total Interest | % of Issued Share Capital |
| Eddie Ok | 118,533 | 51,405 | 169,938 | 0.2% |
Application will be made for 51,405 New Common Shares, which will rank pari passu with the existing Common Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur on April 5, 2022.
Following Admission, the total number of voting rights in the Company will be 72,930,139 Common Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
This notification is made under article 19.1 of the Market Abuse Regulation ("MAR") and relates to options exercises by Persons Discharging Managerial Responsibilities ("PDMR") on March 25, 2022 under the Company's SOP.
The Company also announces that on March 29, 2022 Ms. Jennifer Kaufield, Director, acquired common shares.
| 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 |
| Jennifer Kaufield | March 29 2022 | 5,000 | Cdn $4.50 | 5,000 | 0.007% |
About TransGlobe
TransGlobe Energy Corporation is a cashflow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe's common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.
For further information, please contact:
| TransGlobe Energy Corporation Randy Neely, President and CEO Eddie Ok, CFO | +1 403 264 9888 investor.relations@trans-globe.com http://www.trans-globe.com or via Tailwind Associates |
| Tailwind Associates (Investor Relations) Darren Engels | +1 403 618 8035 darren@tailwindassociates.ca |
| Canaccord Genuity (Nomad & Joint-Broker) Henry Fitzgerald-O'Connor James Asensio | +44(0) 20 7523 8000 |
| Shore Capital (Joint Broker) Toby Gibbs John More | +44(0) 20 7408 4090 |
| 1 | Details of PDMR | |
| a) | Name | Eddie Ok |
| 2 | Reason for the notification |
|
| a) | Position / status | Vice President, Finance, Chief Financial Officer and Corporate Secretary |
| b) | Initial notification / amendment | Initial notification |
| 3 | Details of the issuer |
|
| a) | Name | TransGlobe Energy Corporation |
| b) | Legal Entity Identifier | 549300QMNS6BDY8UUB03 |
| 4 | Details of the transaction(s) |
|
| a) | Description of the financial instrument | New Common Shares |
| b) | Identification code | ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 |
| c) | Nature of the transaction | Acquisition of Shares |
| d) | Price(s) and volume(s) | Price ($CDN) Volume |
|
|
| $4.51 51,405 |
| e) | Aggregated information - |
|
|
| Aggregated volume - | 169,938 New Common Shares |
|
| Aggregated price | $4.51 CDN per New Common Share |
| f) | Date of the transaction | March 25, 2022 |
| g) | Place of the transaction | Outside a Trading Venue |
| 1 | Details of PDMR | |
| a) | Name | Jennifer Kaufield |
| 2 | Reason for the notification |
|
| a) | Position / status | Director |
| b) | Initial notification / amendment | Initial notification |
| 3 | Details of the issuer |
|
| a) | Name | TransGlobe Energy Corporation |
| b) | Legal Entity Identifier | 549300QMNS6BDY8UUB03 |
| 4 | Details of the transaction(s) |
|
| a) | Description of the financial instrument | Common Shares |
| b) | Identification code | ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 |
| c) | Nature of the transaction | Acquisition of Shares |
| d) | Price(s) and volume(s) | Price ($Cdn) Volume |
|
|
| $4.50 5,000 |
| e) | Aggregated information - |
|
|
| Aggregated volume - | 5,000 common shares |
|
| Aggregated price | $4.50 Cdn per share |
| f) | Date of the transaction | March 29, 2022 |
| g) | Place of the transaction | TSX |
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