Transaction in Own Shares

Vaalco Energy Inc

11 May 2023

 

11 May 2023

VAALCO Energy, Inc.

("VAALCO" or the "Company")

Transaction in own shares  

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, further to its announcements on November 1, 2022 and November 18, 2022 of the implementation of its share buyback program (the "Program"), the following transactions were made under the Program during the period May 1, 2023 to May 4, 2023. 

Transaction date	Daily total volume (in number of shares of common stock)	Daily weighted average price of common stock acquired	Platform
May 1, 2023	96,182	4.2247	XNYS
May 2, 2023	115,497	4.0968	XNYS
May 3, 2023	114,564	4.1059	XNYS
May 4, 2023	36,600	4.115	XNYS

All transactions under the Program were made under ISIN US91851C2017 and effected by Roth Capital Partners LLC on behalf of the Company.  A full breakdown of the individual trades is attached to this announcement, and can be viewed by clicking here for the trades made on May 1, 2023, here for the trades made on May 2, 2023, here for the trades made on May 3, 2023 and here for the trades made on May 4, 2023. The purpose of the Program is to reduce the share capital of the Company.  

Following the transactions referred to above, VAALCO has total issued share capital of 120,698,826 common shares, of which 13,468,399 common shares are held in treasury and 457,829 common shares are unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following the transactions referred to above are 107,230,427.

About VAALCO

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

Following its business combination with TransGlobe in October 2022, 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)	[phone]
Ben Romney / Jon Krinks	[e-mail]

 

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