PDMR Share Dealing

RNS Number : 2124E

Vaalco Energy Inc

04 November 2020

 

04 November 2020

PDMR Share Dealing

VAALCO Energy, Inc. (" VAALCO " or "Company") announces that on 02 November 2020, restricted shares over 13,441 common shares in the Company ("Common Shares") vested for David DesAutels, a person discharging managerial responsibility in the Company. This vesting triggered immediate tax liabilities that were satisfied by the disposal of the number of Common Shares listed below:

Name	Role	Nature of transaction	Number of shares	Price per share ($)
David DesAutels	EVP, Corp. Dev.	Disposal of common shares	3,273	$0.8211

About VAALCO

VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

The Company is an established operator within the region, holding a 31.1% working interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 110 million barrels of crude oil and of which the Company is the operator.

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)	[phone]
Ben Romney / Kelsey Traynor  /  James Husband	[e-mail]

Notification of dealings in shares by PDMR's of the Company:

1.	Details of PDMR / PDMR Associate
(a)	Name	David DesAutels
(b)	Position / status	Executive Vice President, Corporate Development
(c)	Initial notification / amendment	Initial Notification
2.	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	Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares
(b)	Nature of the transaction	Disposal of common shares
(c)	Price(s) and volume(s)	Price: $0.8211 Volume: 3,273 Total: $2,687.46 US Dollar
(d)	Aggregated information Aggregated volume Price	Volume: 3,273 Price: $0.8211
(e)	Date of the transaction	November 02, 2020
(f)	Place of the transaction	USA

 

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