RNS Number : 6092H
Vaalco Energy Inc
20 March 2024

VAALCO Energy, Inc.

("VAALCO" or the "Company")

PDMR dealings

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces the following exercise of options awards in the Company on 18 March 2024 by persons discharging managerial responsibility in the Company:

Name

Role at time of exercise

Nature of transaction

Number of shares of Common Stock over which options exercised

Exercise price per share of Common Stock ($)

Andrew Fawthrop

Chairman of the Board

Exercise of options

64,307

$1.43


The Company announces that, immediately following the exercise of options referred to above, there was a forfeiture of shares of common stock, of par value $0.10 per share, of the Company ("Common Stock") to meet tax liabilities arising from the exercise of options by the relevant person discharging managerial responsibility in the Company as listed below.

Name

Role

Nature of transaction

Number of shares of Common Stock

Andrew Fawthrop

Chairman of the Board

Forfeiture of Common Stock

15,938


As a result of the exercise of options and tax-related forfeiture of Common Stock, Andrew Fawthrop, the Company's Chairman of the Board, acquired 48,369 shares of Common Stock.

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, U.S.-based, independent energy company with production, development and exploration assets in Africa and Canada.

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:

www.vaalco.com


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

VAALCO@buchanan.uk.com

1.

Details of the Person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Fawthrop

2.

Reason for the notification

a)

Position / status

Chairman of the Board

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, UK emission allowance market participant, auction platform or auctioneer

a)

Name

VAALCO Energy, Inc.

b)

LEI

549300CFHFVIWB8M6T24

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common Stock, par value $0.10 per share

US91851C2017

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Volume: 64,307

Price: $1.43

d)

Aggregated information

- Aggregated volume

- Aggregated price

N/A

e)

Date of the transaction

18 March 2024

f)

Place of the transaction

Outside a trading venue

1.

Details of the Person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Fawthrop

2.

Reason for the notification

a)

Position / status

Chairman of the Board

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, UK emission allowance market participant, auction platform or auctioneer

a)

Name

VAALCO Energy, Inc.

b)

Legal Entity Identifier

549300CFHFVIWB8M6T24

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common Stock, par value $0.10 per share

US91851C2017

b)

Nature of the transaction

Forfeiture of Common Stock

c)

Price(s) and volume(s)

Volume: 15,938

Price: $5.77

d)

Aggregated information

- Aggregated volume

- Aggregated price

N/A

e)

Date of the transaction

18 March 2024

f)

Place of the transaction

Outside a trading venue

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