24 August 2023
VAALCO Energy, Inc.
("VAALCO" or the "Company")
Transaction in own shares
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, further to its announcements on November 1, 2022 and November 18, 2022 of the implementation of its share buyback program (the "Program"), the following transactions were made under the Program during the period August 15, 2023 to August 21, 2023.
| Transaction date | Daily total volume (in number of shares of common stock) | Daily weighted average price of common stock acquired | Platform |
| August 15, 2023 | 75,000 | 4.7768 | XNYS |
| August 16, 2023 | 50,000 | 4.777 | XNYS |
| August 17, 2023 | 50,000 | 4.91886 | XNYS |
| August 18, 2023 | 50,000 | 4.8885 | XNYS |
| August 21, 2023 | 14,200 | 4.8194 | XNYS |
All transactions under the Program were made under ISIN US91851C2017 and effected by Roth Capital Partners LLC on behalf of the Company. A full breakdown of the individual trades is attached to this announcement, and can be viewed by clicking http://www.rns-pdf.londonstockexchange.com/rns/2695K_1-2023-8-23.pdf for the trades made on August 15, 2023, http://www.rns-pdf.londonstockexchange.com/rns/2695K_2-2023-8-23.pdf for the trades made on August 16, 2023, http://www.rns-pdf.londonstockexchange.com/rns/2695K_3-2023-8-23.pdf for the trades made on August 17, 2023, http://www.rns-pdf.londonstockexchange.com/rns/2695K_4-2023-8-23.pdf for the trades made on August 18, 2023, and http://www.rns-pdf.londonstockexchange.com/rns/2695K_5-2023-8-23.pdf for the trades made on August 21, 2023. The purpose of the Program is to reduce the share capital of the Company.
Following the transactions referred to above, VAALCO has total issued share capital of 122,392,291 common shares, of which 15,149,048 common shares are held in treasury and 1,090,651 common shares are unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following the transactions referred to above are 107,243,243.
About VAALCO
VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, USA based, independent energy company with production, development and exploration assets in Africa and Canada.
Following its business combination with TransGlobe in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.
For Further Information
| VAALCO Energy, Inc. (General and Investor Enquiries) | +00 1 713 623 0801 |
| Website: | |
| | |
| Al Petrie Advisors (US Investor Relations) | +00 1 713 543 3422 |
| Al Petrie / Chris Delange | |
| | |
| Buchanan (UK Financial PR) | +44 (0) 20 7466 5000 |
| Ben Romney / George Pope |
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