Transaction in Own Shares

Vaalco Energy Inc

19 January 2024

 

19 January 2024

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 January 10, 2024 to January 17, 2024. 

Transaction date	Daily total volume (in number of shares of common stock)	Daily weighted average price of common stock acquired	Platform
January 10, 2024	49,378	4.3710	XNYS
January 11, 2024	49,358	4.3711	XNYS
January 12, 2024	50,000	4.4404	XNYS
January 16, 2024	10,000	4.3215	XNYS
January 17, 2024	10,000	4.2203	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/2190A_1-2024-1-18.pdf for the trades made on January 10, 2024,  http://www.rns-pdf.londonstockexchange.com/rns/2190A_2-2024-1-18.pdf for the trades made on January 11, 2024, http://www.rns-pdf.londonstockexchange.com/rns/2190A_3-2024-1-18.pdf for the trades made on January 12, 2024, http://www.rns-pdf.londonstockexchange.com/rns/2190A_4-2024-1-18.pdf for the trades made on January 16, 2024 and http://www.rns-pdf.londonstockexchange.com/rns/2190A_5-2024-1-18.pdf for the trades made on January 17 2024. 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 122,503,157 common shares, of which 17,479,871 common shares are held in treasury and 1,084,671 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 105,023,286.

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 / George Pope	[e-mail]

 

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