TransGlobe Energy Corporation Director/PDMR Shareholding (4712G)
March 30 2022 - 2:00AM
UK Regulatory
TIDMTGL
RNS Number : 4712G
TransGlobe Energy Corporation
30 March 2022
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, March 30, 2022 - TransGlobe Energy Corporation
("TransGlobe" or the "Company") announces that on March 25, 2022 t
he Company issued Performance Share Units ("PSUs") to the President
and Chief Executive Officer, the Vice President Finance, Chief
Financial Officer and Corporate Secretary and the Vice President
and Chief Operating Officer (collectively referred to as the
"PDMR") in accordance with the Performance Share Unit Plan of the
Company.
The Company also issued Restricted Share Units ("RSUs") on March
25, 2022 to the PDMR in accordance with the Restricted Share Unit
Plan of the Company. No shares will be issued upon exercise or
vesting of any of the share units as the instruments are settled in
cash.
On March 16, 2022, the Board determined to allow the Company's
stock option plan (the "Option Plan") to lapse and will not be
seeking the requisite three year approval under TSX policies for
unallocated Options under the Option Plan at the Company's
forthcoming Annual General Meeting. Accordingly, no further grants
can be made under the Option Plan after May 10, 2022. Previously
allocated Options will be unaffected and will continue in
accordance with their terms. Going forward, the Company's LTIP will
be issued in the form of RSUs and PSUs under the RSU Plan and PSU
Plan, respectively, to ensure continued alignment with Shareholder
interests.
PDMR Position Type Quantity Price of Number Held
Awarded Grant ($Cdn) Following
Grant
President and
Chief Executive
Randy Neely Officer PSU 109,756 $4.51 721,056
---------------------- ------ --------- -------------- ------------
RSU 36,585 $4.51 36,585
------------------------------------------- --------- -------------- ------------
Vice President
Finance, Chief
Financial Officer
and Corporate
Edward Ok Secretary PSU 57,871 $4.51 362,380
---------------------- ------ --------- -------------- ------------
RSU 19,290 $4.51 19,290
------------------------------------------- --------- -------------- ------------
Vice President
Geoffrey and Chief Operating
Probert Officer PSU 63,532 $4.51 432,548
---------------------- ------ --------- -------------- ------------
RSU 21,177 $4.51 21,117
------------------------------------------- --------- -------------- ------------
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 Randy Neely Edward Ok Geoffrey Probert
of PDMR
a. Name
President and Vice President Vice President
2) Reason for Chief Executive Finance, Chief and Chief Operating
the notification Officer Financial Officer Officer
a. Position and Corporate
/ status Secretary
--------------------- --------------------- ---------------------
b. Initial Initial notification Initial notification Initial notification
notification
/ amendment
--------------------- --------------------- ---------------------
3) Details TransGlobe Energy TransGlobe Energy TransGlobe Energy
of the issuer Corporation Corporation Corporation
a. Name
--------------------- --------------------- ---------------------
b. Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details PSU PSU PSU
of transaction
a. Description
of financial
instrument
--------------------- --------------------- ---------------------
b. Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c. Nature of Grant of PSUs Grant of PSUs Grant of PSUs
the transaction
--------------------- --------------------- ---------------------
d. Price(s) Price: Cdn $4.51 Price: Cdn $4.51 Price: Cdn $4.51
and volume(s) Volume: 109,756 Volume: 57,871 Volume: 63,532
--------------------- --------------------- ---------------------
e. Aggregated Price: $4.51 per Price: $4.51 per Price: $4.51
information: PSU PSU per PSU
i. Price Volume: 109,756 Volume: 57,871 Volume: 63,532
ii. Volume PSUs PSUs PSUs
--------------------- --------------------- ---------------------
f. Date of March 25, 2022 March 25, 2022 March25, 2022
the transaction
--------------------- --------------------- ---------------------
g. Place of Outside a trading Outside a trading Outside a trading
Transaction venue venue venue
--------------------- --------------------- ---------------------
Notification of a Transaction pursuant to Article 19(3) of
Regulation (EU) No. 596/2014
1) Details Randy Neely Edward Ok Geoffrey Probert
of PDMR
a) Name
President and Vice President Vice President
2) Reason for Chief Executive Finance, Chief and Chief Operating
the notification Officer Financial Officer Officer
a) Position and Corporate
/ status Secretary
--------------------- --------------------- ---------------------
b) Initial Initial notification Initial notification Initial notification
notification
/ amendment
--------------------- --------------------- ---------------------
3) Details TransGlobe Energy TransGlobe Energy TransGlobe Energy
of the issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details Restricted Share Restricted Share Restricted Share
of transaction Units Units Units
a) Description
of financial
instrument
--------------------- --------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c) Nature of Grant of RSUs Grant of RSUs Grant of RSUs
the transaction
--------------------- --------------------- ---------------------
d) Price(s) Price: Cdn $4.51 Price: Cdn $4.51 Price: Cdn $4.51
and volume(s) Volume: 36,585 Volume: 19,290 Volume: 21,177
--------------------- --------------------- ---------------------
e) Aggregated
information:
i) Price Price: $4.51 Price: $4.51 Price: $4.51
ii) Volume Cdn per RSU Cdn per RSU Cdn per RSU
Volume: 36,585 Volume: 19,290 Volume: 21,177
RSUs RSUs RSUs
--------------------- --------------------- ---------------------
f) Date of March 25, 2022 March 25, 2022 March 25, 2022
the transaction
--------------------- --------------------- ---------------------
g) Place of Outside a trading Outside a trading Outside a trading
Transaction venue venue 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 +1 403 264 9888
Randy Neely, President and CEO investor.relations@trans-globe.com
Eddie Ok, CFO http://www.trans-globe.com
or via Tailwind Associates
Tailwind Associates (Investor Relations) +1 403 618 8035
Darren Engels darren@tailwindassociates.ca
http://www.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
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END
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