We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Transglobe Energy Corporation | LSE:TGL | London | Ordinary Share | CA8936621066 | CMN SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 295.00 | 280.00 | 310.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTGL
RNS Number : 8399M
TransGlobe Energy Corporation
14 May 2020
TRANSGLOBE ENERGY CORPORATION ANNOUNCES AGM VOTING RESULTS
AND CONFIRMATION OF BOARD CHANGES
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, May 14, 2020 - 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
The following sets forth a brief description of each matter voted upon at 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 13, 2020 and the outcome of the vote:
Votes Against Votes For or Withheld Outcome (ballots (ballots Description of Matter of Vote only) only) ---------------------------------------------- ----------- ----------- -------------- 1. Ordinary resolution fixing the number of directors of TransGlobe to be elected at the Meeting at seven (7). Approved 23,508,664 6,243,177 79.02% 20.98% 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, 2020 (the "Information Circular"): David B. Cook Approved 20,947,677 8,803,539 70.41% 29.59% Randall C. Neely 24,145,233 5,605,983 81.16% 18.84% Carol Bell 21,214,672 8,537,169 71.31% 28.69% Ross G. Clarkson 24,892,978 4,858,238 83.67% 16.33% Edward D. LaFehr 24,348,135 5,403,706 81.84% 18.16% Timothy R. Marchant 24,270,760 5,481,081 81.58% 18.42% Steven W. Sinclair 21,677,952 8,073,889 72.86% 27.14% 3. Ordinary resolution appointing Approved Show of Show of Deloitte LLP, Chartered Accountants, hands hands as auditors of TransGlobe for the ensuing year and to authorize the directors of TransGlobe to fix their remuneration as such. Approved 23,142,128 6,609,713 4. Advisory resolution accepting the Company's approach to executive compensation, as described in the Information Circular. 77.78% 22.22% 5. Ordinary resolution confirming amendments to the Company's Advance Notice By-Laws as described in the Information Circular. Approved 27,000,768 2,751,074 90.75% 9.25%
Following the Meeting, TransGlobe's Committees of the Board of Directors will be constituted as follows:
RHSES Committee Audit Committee CHR&G Committee Edward LaFehr - Chair Steven Sinclair - Chair Carol Bell - Chair ------------------------ ------------------- Ross Clarkson Carol Bell Timothy Marchant ------------------------ ------------------- Timothy Marchant Edward LaFehr Steven Sinclair ------------------------ -------------------
RHSES: Reserves, Health, Safety, Environment and Social Responsibility Committee
CHR&G: Compensation, Human Resources and Governance Committee
Shareholder Outreach
Our Board of Directors and Compensation, Human Resources and Governance Committee is committed to engaging with shareholders and incorporating their feedback into our governance and planning processes. In advance of the AGM, the Board (Mr. Cook and Dr. Bell) reached out to several of the Company's largest shareholders to discuss key elements of Board governance, including strategy and compensation. The Board is very grateful to the institutions that agreed to speak with them and for the valuable and constructive feedback received during these conversations which informed the Board's discussions over long-term incentive grants. The Board has agreed to decrease the level of these grants for 2020, both to the Executive and Board members, by 35%. This decrease is in addition to the previously announced voluntary reduction of both Executive salaries and Director retainers. The Company remains committed to being transparent with and accountable to our investors and look forward to further engagement with shareholders. Dr. Carol Bell or Mr. David Cook can be reached at boardofdirectors@trans-globe.com .
Director Retirement
Ms. Susan MacKenzie chose not to stand for re-election, retiring effective May 12, 2020. The Board and the Executive wish to thank Ms. MacKenzie for her invaluable service over the past six years and wish her the best in her future pursuits.
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: TransGlobe Energy Via FTI Consulting Randy Neely, President and Chief Executive Officer Eddie Ok, Chief Financial Officer Canaccord Genuity (Nomad & Sole Broker) +44 (0) 20 7523 8000 Henry Fitzgerald-O'Connor James Asensio FTI Consulting (Financial PR) +44 (0) 20 3727 1000 Ben Brewerton transglobeenergy@fticonsulting.com Genevieve Ryan Tailwind Associates (Investor Relations) Darren Engels darren@tailwindassociates.ca http://www.tailwindassociates.ca +1 403.618.8035 investor.relations@trans-globe.com http://www.trans-globe.com +1 403.264.9888
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 rns@lseg.com or visit www.rns.com.
END
AGMAJMBTMTIBTIM
(END) Dow Jones Newswires
May 14, 2020 02:00 ET (06:00 GMT)
1 Year Transglobe Energy Chart |
1 Month Transglobe Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions