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TransGlobe Energy (TGL)

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Friday 29 March, 2019

TransGlobe Energy

Director/PDMR Shareholding

RNS Number : 4013U
TransGlobe Energy Corporation
29 March 2019
 

 

 

  

 

 

TRANSGLOBE ENERGY CORPORATION

 

EXERCISE OF SHARE PLAN OPTIONS AND DIRECTOR PDMR DEALINGS

 

AIM & TSX:  "TGL" & NASDAQ:  "TGA"

 

Calgary, Alberta, March 29, 2019 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on March 27, 2019 Mr. Randy Neely, President and Chief Executive Officer, exercised 50,000 New Common Shares of no-par value ("New Common Shares") under the Company's Stock Option Plan.

 

Name

Position

Status

SOP Options Exercised

Shares Retained in Own Name

Shares Sold

Randy Neely

President and Chief Executive Officer

PDMR

50,000

50,000

NIL

 

Following this transaction, Mr. Neely's total interest in TransGlobe shares is now as follows:

 

Name

Shares Held

Interest in Shares From Option Plan

Resultant Total Interest

% of Issued Share Capital

Randy Neely

103,000

50,000

153,000

0.2%

 

1

Details of PDMR

a)

Name

Randy Neely

2

Reason for the notification

 

a)

Position / status

President and Chief Executive Officer

b)

Initial notification / amendment

Initial notification

3

Details of the issuer

 

a)

Name

TransGlobe Energy Corporation

b)

Legal Entity Identifier

549300QMNS6BDY8UUB03

4

Details of the transaction(s)

 

a)

Description of the financial instrument

New Common Shares

b)

Identification code

ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066

c)

Nature of the transaction

Acquisition of Shares

d)

Price(s) and volume(s)

Price ($CDN)                 Volume

 

 

 $2.19                             50,000

e)

Aggregated information -

 

 

     Aggregated volume -

50,000 New Common Shares

 

     Aggregated price

$2.19 CDN per New Common Share

f)

Date of the transaction

March 27, 2019

g)

Place of the transaction

Outside a Trading Venue

 

Application has been made for 50,000 New Common Shares, which will rank pari passu with the existing Common Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur on April 3, 2019.

 

Following Admission, the total number of voting rights in the Company will be 72,542,071 Common Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

 

This notification is made under article 19.1 of the Market Abuse Regulation ("MAR") and relates to exercising of nil-cost options to Persons Discharging Managerial Responsibilities ("PDMR") on March 27, 2019 under the Company's Stock Option Plan ("SOP") and to PDMRs buying shares. This announcement is made in accordance with Article 19.3 of MAR.

 

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) 207 448 0200

Jonathan Wright

 

 

 

 

 

FTI Consulting (Financial PR)

 

+44 (0) 203 727 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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