TIDMTGL
RNS Number : 7179W
TransGlobe Energy Corporation
23 April 2019
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
DIRECTOR/PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, April 23, 2019 - TransGlobe Energy Corporation
("TransGlobe" or the "Company") announces that on April 18, 2019,
Robert Jennings, Susan MacKenzie, David Cook, Matt Brister, and
Steven Sinclair all Independent Directors received Deferred Share
Units ("DSUs") as a result of the Company having declared a
dividend:
Director Number of Price Number of DSUs % of Company's
DSUs granted Granted held following issued share
($Cdn) the transaction capital held
DSUs are settled
in cash and
have no effect
Robert Jennings 3,112 $2.49 168,544 on share capital
-------------- --------- ----------------- ------------------
Susan MacKenzie 2,243 $2.49 121,509
-------------- --------- ----------------- ------------------
David Cook 3,878 $2.49 210,052
-------------- --------- -----------------
Matt Brister 998 $2.49 54,045
-------------- --------- -----------------
Steven Sinclair 998 $2.49 54,045
-------------- --------- ----------------- ------------------
As well the Company announces that on April 18, 2019, Randy
Neely (President and Chief Executive Officer), Lloyd Herrick
(Executive Vice President) and Edward Ok (Vice President Finance
& CFO), all persons discharging managerial responsibilities
with the Corporation, received Performance Share Units ("PSUs") and
Restricted Share Units ("RSUs") as a result of the Company having
declared a dividend. Also on April 18, 2019 Geoffrey Probert (Chief
Operating Officer) a person discharging managerial responsibilities
with the Corporation, received Performance Share Units ("PSUs") as
a result of the Company having declared a dividend.
Also on April 18, 2019 Ross Clarkson (Non-Independent Director)
received Performance Share Units ("PSUs") and Restricted Share
Units ("RSUs") as a result of the Company having declared a
dividend. Prior to Mr. Clarkson's retirement as CEO on December 31,
2018, he was a participant in the Company's long term incentive
plans and as such was the recipient of PSUs and RSUs.
PDMR Position Type Quantity Exercise Number Held
Awarded Price/Price Following
of Grant Grant
($Cdn)
President and
Chief Executive
Randy Neely Officer PSU 7,881 $2.49 426,873
---------------------- ------ --------- ------------- ------------
RSU 419 $2.49 22,691
------------------------------------------------ --------- ------------- ------------
Executive Vice
Lloyd Herrick President PSU 8,453 $2.49 457,861
---------------------- ------ --------- ------------- ------------
RSU 625 $2.49 33,864
------------------------------------------------ --------- ------------- ------------
Vice President
Finance and Chief
Edward Ok Financial Officer PSU 2,937 $2.49 159,103
---------------------- ------ --------- ------------- ------------
RSU 385 $2.49 20,872
------------------------------------------------ --------- ------------- ------------
PDMR Position Type Quantity Exercise Number Held
Awarded Price/Price Following
of Grant Grant
($Cdn)
---------------------- ------ --------- ------------- ------------
Vice President
and Chief Operating
Geoffrey Probert Officer PSU 1,446 $2.49 78,314
---------------------- ------ --------- ------------- ------------
DIRECTOR Position Type Quantity Exercise Number Held
Awarded Price/Price Following
of Grant Grant
($Cdn)
Non-Independent
Ross Clarkson Director PSU 7,954 $2.49 430,813
----------------- ------ --------- ------------- ------------
RSU 788 $2.49 42,707
---------------------------------------- --------- ------------- ------------
The newly granted share units were granted in accordance with
the Deferred Share Unit Plan, Performance Share Unit Plan and 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. The DSUs will count towards the
respective shareholdings requirements for directors as outlined in
the Company's compensation policy which is voted on by shareholders
annually.
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 Robert Jennings Susan MacKenzie David Cook
a) Name
2) Reason for the Director Director Director
notification
a) Position / status
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Deferred Share Deferred Share Deferred Share
a) Description of Units Units Units
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 the Grant of Deferred Grant of Deferred Grant of Deferred
transaction Share Units due Share Units due Share Units
to dividend to dividend due to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $2.49 Price: Cdn $2.49 Price: Cdn $2.49
volume(s) Volume: 3,112 Volume: 2,243 Volume: 3,878
--------------------- --------------------- ---------------------
e) Aggregated information: Price: $2.49 Price: $2.49 Price: $2.49
i) Price Cdn per DSU Cdn per DSU Cdn per DSU
ii) Volume Volume: 3,112 Volume: 2,243 Volume: 3,878
DSUs DSUs DSUs
--------------------- --------------------- ---------------------
f) Date of the transaction April 18, 2019 April 18, 2019 April 18, 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Matt Brister Steven Sinclair
a) Name
2) Reason for the Director Director
notification
a) Position / status
--------------------- ---------------------
b) Initial notification Initial notification Initial notification
/ amendment
--------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation
a) Name
--------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- ---------------------
4) Details of transaction Deferred Share Deferred Share
a) Description of Units Units
financial instrument
--------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066
--------------------- ---------------------
c) Nature of the Grant of Deferred Grant of Deferred
transaction Share Units due Share Units due
to dividend to dividend
--------------------- ---------------------
d) Price(s) and Price: Cdn $2.49 Price: Cdn $2.49
volume(s) Volume: 998 Volume: 998
--------------------- ---------------------
e) Aggregated information: Price: $2.49 Price: $2.49
i) Price Cdn per DSU Cdn per DSU
ii) Volume Volume: 998 DSUs Volume: 998 DSUs
--------------------- ---------------------
f) Date of the transaction April 18, 2019 April 18, 2019
--------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading
venue venue
--------------------- ---------------------
1) Details of PDMR Randy Neely Lloyd Herrick Edward Ok
a) Name
2) Reason for the President and Executive Vice Vice President
notification Chief Executive President Finance and Chief
a) Position / status Officer Financial Officer
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Performance Share Performance Performance Share
a) Description of Units Share Units Units
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 the Grant of PSUs Grant of PSUs Grant of PSUs
transaction due to dividend due to dividend due to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $2.49 Price: Cdn $2.49 Price: Cdn $2.49
volume(s) Volume: 7,881 Volume: 8,453 Volume: 2,937
--------------------- --------------------- ---------------------
e) Aggregated information:
i) Price Price: $2.49 Price: $2.49 Price: $2.49
ii) Volume Cdn per PSU Cdn per PSU Cdn per PSU
Volume: 7,881 Volume: 8,453 Volume: 2,937
PSUs PSUs PSUs
--------------------- --------------------- ---------------------
f) Date of the transaction April 18, 2019 April 18, 2019 April 18, 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Geoffrey Probert Ross Clarkson
a) Name
2) Reason for the Vice President Non-Independent
notification and Chief Operating Director
a) Position / status Officer
--------------------- ---------------------
b) Initial notification Initial notification Initial notification
/ amendment
--------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation
a) Name
--------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- ---------------------
4) Details of transaction Performance Share Performance
a) Description of Units Share Units
financial instrument
--------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066
--------------------- ---------------------
c) Nature of the Grant of PSUs Grant of PSUs
transaction due to dividend due to dividend
--------------------- ---------------------
d) Price(s) and Price: Cdn $2.49 Price: Cdn $2.49
volume(s) Volume: 1,446 Volume: 7,954
--------------------- ---------------------
e) Aggregated information:
i) Price Price: $2.49 Price: $2.49
ii) Volume Cdn per PSU Cdn per PSU
Volume: 1,446 Volume: 7,954
PSUs PSUs
--------------------- ---------------------
f) Date of the transaction April 18, 2019 April 18, 2019
--------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading
venue venue
--------------------- ---------------------
1) Details of PDMR Randy Neely Lloyd Herrick Edward Ok
a) Name
2) Reason for the President and Executive Vice Vice President
notification Chief Executive President Finance and Chief
a) Position / status Officer Financial Officer
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Restricted Share Restricted Share Restricted Share
a) Description of Units Units Units
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 the Grant of RSUs Grant of RSUs Grant of RSUs
transaction due to dividend due to dividend due to dividend
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $2.49 Price: Cdn $2.49 Price: Cdn $2.49
volume(s) Volume: 419 Volume: 625 Volume: 385
--------------------- --------------------- ---------------------
e) Aggregated information:
i) Price Price: $2.49 Price: $2.49 Price: $2.49
ii) Volume Cdn per RSU Cdn per RSU Cdn per RSU
Volume: 419 RSUs Volume: 625 Volume: 385 RSUs
RSUs
--------------------- --------------------- ---------------------
f) Date of the transaction April 18, 2019 April 18, 2019 April 18, 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Ross Clarkson
a) Name
2) Reason for the Non-Independent
notification Director
a) Position / status
---------------------
b) Initial notification Initial notification
/ amendment
---------------------
3) Details of the TransGlobe Energy
issuer Corporation
a) Name
---------------------
b) Legal Entity 549300QMNS6BDY8UUB03
Identifier
---------------------
4) Details of transaction Restricted Share
a) Description of Units
financial instrument
---------------------
b) Identification ISIN for TransGlobe
code Energy Corporation
Ordinary Shares:
CA8936621066
---------------------
c) Nature of the Grant of RSUs
transaction due to dividend
---------------------
d) Price(s) and Price: Cdn $2.49
volume(s) Volume: 788
---------------------
e) Aggregated information:
i) Price Price: $2.49
ii) Volume Cdn per RSU
Volume: 788
RSUs
---------------------
f) Date of the transaction April 18, 2019
---------------------
g) Place of Transaction Outside a trading
venue
---------------------
About TransGlobe
TransGlobe Energy Corporation is a cash flow 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:
Investor Relations
Telephone: +1 403.264.9888
Email: investor.relations@trans-globe.com
Web site: http://www.trans-globe.com
TransGlobe Energy Via FTI Consulting
Randy Neely, President and Chief
Executive Officer
Eddie Ok, Chief Financial Officer
Canaccord Genuity (Nomad & Joint
Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
GMP First Energy (Joint Broker) +44 (0) 20 7448 0200
Jonathan Wright
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton transglobeenergy@fticonsulting.com
Genevieve Ryan
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSEFEDEFUSELL
(END) Dow Jones Newswires
April 23, 2019 02:01 ET (06:01 GMT)
Transglobe Energy (LSE:TGL)
Historical Stock Chart
From Apr 2024 to May 2024
Transglobe Energy (LSE:TGL)
Historical Stock Chart
From May 2023 to May 2024