Transaction in Own Shares

Vaalco Energy Inc

16 June 2023

 

16 June 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 June 8, 2023 to June 14, 2023. 

Transaction date	Daily total volume (in number of shares of common stock)	Daily weighted average price of common stock acquired	Platform
June 8, 2023	33,500	4.2308	XNYS
June 9, 2023	49,500	4.0961	XNYS
June 12, 2023	120,600	3.9652	XNYS
June 13, 2023	50,000	4.0727	XNYS
June 14, 2023	43,500	4.0399	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 http://www.rns-pdf.londonstockexchange.com/rns/9688C_1-2023-6-16.pdf for the trades made on June 8, 2023, http://www.rns-pdf.londonstockexchange.com/rns/9688C_2-2023-6-16.pdf for the trades made on June 9, 2023, http://www.rns-pdf.londonstockexchange.com/rns/9688C_3-2023-6-16.pdf for the trades made on June 12, 2023, http://www.rns-pdf.londonstockexchange.com/rns/9688C_4-2023-6-16.pdf for the trades made on June 13, 2023 and http://www.rns-pdf.londonstockexchange.com/rns/9688C_5-2023-6-16.pdf for the trades made on June 14, 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 122,236,496 common shares, of which 14,135,327 common shares are held in treasury and 1,181,045 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 108,101,169.

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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