TransGlobe Energy Corporation Director/PDMR Shareholding (8586H)
09 April 2022 - 1:55AM
UK Regulatory
TIDMTGL
RNS Number : 8586H
TransGlobe Energy Corporation
08 April 2022
TRANSGLOBE ENERGY CORPORATION
PDMR DEALINGS AND ISSUE OF EQUITY
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, April 8, 2022 - TransGlobe Energy Corporation
("TransGlobe" or the "Company") announces that further to the April
4, 2022 notification on the option exercises under the Company's
Stock Option Plan ("SOP"), the relevant tax analyses have been
completed and the resultant number of new shares to be issued to
each executive calculated.
As previously disclosed on March 29, 2022: Mr. Geoff Probert,
Chief Operating Officer, exercised 258,251 stock options and on
March 30, 2022: Mr. Randy Neely, President and Chief Executive
Officer, exercised 430,428 stock options under the Company's
SOP.
Shares issued to each executive post exercise and settled net of
costs and taxes payable are set out below:
Name Position Status SOP Options Shares Retained Shares
Exercised in Own Name Sold
Net of Taxes
Payable
Vice President and
Geoff Probert Chief Operating Officer PDMR 258,251 69,158 NIL
-------------------------- -------- ------------ ---------------- -------
President and Chief
Randy Neely Executive Officer PDMR 430,428 120,113 NIL
-------------------------- -------- ------------ ---------------- -------
Following this transaction, Mr. Probert's and Mr. Neely's total
interest in TransGlobe shares is now as follows:
Name Shares Held Shares from SOP Resultant % of Issued
Total Interest Share Capital
Geoff Probert 77,600 69,158 146,758 0.2%
------------ ---------------- ---------------- ---------------
Randy Neely 346,393 120,113 466,506 0.6%
------------ ---------------- ---------------- ---------------
In addition to the 189,271 new Common Shares being issued to the
above PDMRs, a further 187,167 new Common Shares are being issued
to satisfy employee option exercises under the SOP. Accordingly an
application will be made for a total of 376,438 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 13, 2022.
Following Admission, the total number of voting rights in the
Company will be 73,202,673 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 29 and
March 30, 2022 under the Company's SOP.
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
1 Details of PDMR
a) Name Geoff Probert
2 Reason for the notification
a) Position / status Chief Operating Officer
Initial notification
b) / amendment Initial notification
3 Details of the issuer
a) Name TransGlobe Energy Corporation
b) Legal Entity Identifier 549300QMNS6BDY8UUB03
4 Details of the transaction(s)
Description of the financial
a) instrument New Common Shares
Identification code ISIN for TransGlobe Energy Corporation
b) Ordinary Shares: CA8936621066
Issue of shares post option
c) Nature of the transaction exercise
d) Price(s) and volume(s) Price ($CDN) Volume
$4.54 69,158
Aggregated information
e) -
Aggregated volume - 69,158 New Common Shares
Aggregated price $4.54 CDN per New Common Share
f) Date of the transaction March 29 / April 7, 2022
g) Place of the transaction Outside a Trading Venue
1 Details of PDMR
a) Name Randy Neely
2 Reason for the notification
President and Chief Executive
a) Position / status Officer
Initial notification
b) / amendment Initial notification
3 Details of the issuer
a) Name TransGlobe Energy Corporation
b) Legal Entity Identifier 549300QMNS6BDY8UUB03
4 Details of the transaction(s)
Description of the financial
a) instrument New Common Shares
b) Identification code ISIN for TransGlobe Energy Corporation
Ordinary Shares: CA8936621066
Issue of shares post option
c) Nature of the transaction exercise
d) Price(s) and volume(s) Price ($Cdn) Volume
$4.56 120,113
Aggregated information
e) -
Aggregated volume - 120,113 New Common Shares
Aggregated price $4.56 Cdn per New Common Share
f) Date of the transaction March 30 / April 7, 2022
g) Place of the transaction Outside a Trading Venue
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END
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