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TransGlobe Energy (TGL)

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Monday 13 May, 2019

TransGlobe Energy

AGM Voting Results & Confirmation of Board Changes

RNS Number : 7415Y
TransGlobe Energy Corporation
13 May 2019
 

 

 

 

TRANSGLOBE ENERGY CORPORATION ANNOUNCES AGM VOTING RESULTS

AND CONFIRMATION OF BOARD CHANGES

 

AIM & TSX:  "TGL" & NASDAQ:  "TGA"

 

Calgary, Alberta, May 13, 2019 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces its AGM voting results.

Report in Respect of Voting Results Pursuant to Section 11.3 of

National Instrument 51-102 - Continuous Disclosure Obligations

 

In respect of the annual general and special meeting (the "Meeting") of the holders of common shares of TransGlobe Energy Corporation ("TransGlobe" or the "Company") held on May 10, 2019 the following sets forth a brief description of each matter voted upon at such Meeting and the outcome of the vote:

Description of Matter

Outcome of Vote

Votes For
(ballots only)

Votes Against or Withheld
(ballots only)

1.  Ordinary resolution fixing the number of directors of TransGlobe to be elected at the Meeting at seven (7).

 

Approved

37,118,564

97.07%

1,121,210

2.93%

2.  Ordinary resolution electing the following nominees to serve as directors of TransGlobe for the ensuing year, or until their successors are duly elected or appointed, as more particularly described in the information circular of TransGlobe dated March 27, 2019 (the "Information Circular"):

 

 

 

 

David B. Cook

Approved

36,877,742

96.44%

1,362,033

3.56%

Steven W. Sinclair

36,676,986

95.91%

1,562,789

4.09%

Susan M. MacKenzie

36,498,755

95.45%

1,741,020

4.55%

Carol Bell

36,954,360

96.64%

1,285,415

3.36%

Ross G. Clarkson

37,052,951

96.90%

1,186,824

3.10%

Randall C. Neely

37,051,798

96.89%

1,187,977

3.11%

Edward D. LaFehr

37,044,448

96.87%

1,195,327

3.13%

3.  Ordinary resolution appointing Deloitte LLP, Chartered Accountants, as auditors of TransGlobe for the ensuing year and to authorize the directors of TransGlobe to fix their remuneration as such.

Approved

Show of hands

Show of hands

 

 

 

 

 

 

4.   Advisory resolution accepting the Company's approach to executive compensation, as described in the Information Circular.

 

Approved

36,017,563

94.19%

2,222,213

5.81%

 

 

 

 

5.   Ordinary resolution approving all unallocated options under the Company's existing stock options plan as described in the Information Circular.

Approved

36,583,706

95.67%

1,656,068

4.33%

 

Mr. Robert Jennings, previous Chairman of the Board of Directors chose not to stand for re-election retiring effective May 9, 2019.  Mr. David Cook has been appointed Chairman of the Board of Directors effective May 10, 2019.  Following the Meeting, TransGlobe's Committees of the Board of Directors will be constituted as follows:

 

R&HSES Committee

Audit Committee

CHR&G Committee

Edward LaFehr - Chair

Steven Sinclair - Chair

Carol Bell - Chair

Susan MacKenzie

Carol Bell

Susan MacKenzie

Ross Clarkson

Edward LaFehr

Steven Sinclair

 

For each of the Audit Committee and the CHR&G Committee, all members are Independent Directors of the Company.  The majority of Directors on the R&HSES Committee are Independent Directors of the Company and the Chair of the Committee is an Independent Director.  No Committees of the Board of Directors have an Executive Officer participating as a member of the Committee.

 

About TransGlobe

 

TransGlobe Energy Corporation is a cash flow 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:

 

Investor Relations

Telephone: +1 403.264.9888

Email: [email protected]

Web site:  http://www.trans-globe.com

 

 

 

 

 

TransGlobe Energy

 

Via FTI Consulting

Randy Neely, President and Chief Executive Officer

 

 

Eddie Ok, Chief Financial Officer

 

 

 

 

Canaccord Genuity   (Nomad & Joint Broker)

 

+44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor

 

 

James Asensio

 

 

 

 

 

GMP First Energy (Joint Broker)

 

+44 (0) 20 7448 0200

Jonathan Wright

 

 

 

 

 

FTI Consulting (Financial PR)

 

+44 (0) 20 3727 1000

Ben Brewerton

 

[email protected]

Genevieve Ryan

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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