We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 |
From Apr 2019 to Apr 2024
TIDMTGL
RNS Number : 1068B
TransGlobe Energy Corporation
04 June 2019
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
DIRECTOR/PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, June 4, 2019 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on May 20, 2019, Randy Neely (President and Chief Executive Officer), Lloyd Herrick (Executive Vice President), and Edward Ok (Vice President Finance and Chief Financial Officer), all persons discharging managerial responsibilities with the Corporation, had Performance Share Units ("PSUs") vest. These were granted to each individual as part of the Company's Long-Term Incentive Plan in May 2016.
As per the Plan, following the vesting date, the Company has 55 days to assess performance and to receive Board of Directors' approval of the assessment. The Company received Board approval of the performance assessment on May 30, 2019.
The Company's PSUs have a three-year performance period in which the Company's total shareholder return ("TSR") is measured against the TSR of the individual companies included in the performance peer group ("PPG"). The PPG was selected in May 2016 at the time of grant. As per the Plan, depending on the Company's relative TSR as compared to the TSR of the PPG constituents, the vesting of the 2016 PSU grant would be within a range of 50% to 150% of the original grant (inclusive of dividends). For the 2016 grant, the Company achieved a performance measurement of 150%.
Hot Features
Premium
PDMR Position Type Quantity Quantity Vesting Number
Previously Vested Price Held
Awarded ($Cdn) Following
Vesting
President
and Chief
Executive
Randy Neely Officer PSU 426,873 98,445 $2.38 328,428
------------------ ------ ------------ --------- -------- -----------
Executive
Lloyd Herrick Vice President PSU 457,861 110,304 $2.38 347,557
------------------ ------ ------------ --------- -------- -----------
Vice President
Finance and
Edward Chief Financial
Ok Officer PSU 159,103 12,643 $2.38 146,460
------------------ ------ ------------ --------- -------- -----------
Prior to Ross Clarkson's retirement as CEO on December 31, 2018, he was a participant in the Company's Long Term Incentive Plan and as such was the recipient of PSUs. On May 20, 2019 Ross Clarkson (Non-independent Director) had PSUs vest.
Director Type Quantity Quantity Vesting Number Held
Previously Vested Price Following
Awarded ($Cdn) Vesting
Ross Clarkson PSU 430,813 139,069 $2.38 291,743
------ ------------ --------- -------- ------------
The PSUs were granted in accordance with the Performance Share Unit Plan of the Company. No shares will be issued upon exercise or vesting of any of the share units as the instruments are settled in cash. Total cash payable can be calculated by taking the total units vested multiplied by the performance rating of 150% multiplied by the Vesting Price. The Vesting Price is calculated as the 5-day volume weighted average share price of trading on the Toronto Stock Exchange prior to the vesting date. The Vesting Price of the shares of the Company was calculated at Cdn $2.38.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1) Details of PDMR Randy Neely Lloyd Herrick Edward Ok
a) Name
2) Reason for the President and Executive Vice Vice President
notification Chief Executive President Finance and Chief
a) Position / status Officer Financial Officer
--------------------- --------------------- ---------------------
b) Initial notification Initial notification Initial notification Initial notification
/ amendment
--------------------- --------------------- ---------------------
3) Details of the TransGlobe Energy TransGlobe Energy TransGlobe Energy
issuer Corporation Corporation Corporation
a) Name
--------------------- --------------------- ---------------------
b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
Identifier
--------------------- --------------------- ---------------------
4) Details of transaction Performance Share Performance Performance Share
a) Description of Units Share Units Units
financial instrument
--------------------- --------------------- ---------------------
b) Identification ISIN for TransGlobe ISIN for TransGlobe ISIN for TransGlobe
code Energy Corporation Energy Corporation Energy Corporation
Ordinary Shares: Ordinary Shares: Ordinary Shares:
CA8936621066 CA8936621066 CA8936621066
--------------------- --------------------- ---------------------
c) Nature of the Vesting of PSUs Vesting of PSUs Vesting of PSUs
transaction
--------------------- --------------------- ---------------------
d) Price(s) and Price: Cdn $2.38 Price: Cdn $2.38 Price: Cdn $2.38
volume(s) Volume: 98,445 Volume: 110,304 Volume: 12,643
--------------------- --------------------- ---------------------
e) Aggregated information:
i) Price Price: $2.38 Price: $2.38 Price: $2.38
ii) Volume Cdn per PSU Cdn per PSU Cdn per PSU
Volume: 98,445 Volume: 110,304 Volume: 12,643
PSUs PSUs PSUs
--------------------- --------------------- ---------------------
f) Date of the transaction May 20, 2019 May 20, 2019 May 20, 2019
--------------------- --------------------- ---------------------
g) Place of Transaction Outside a trading Outside a trading Outside a trading
venue venue venue
--------------------- --------------------- ---------------------
1) Details of PDMR Ross Clarkson
a) Name
2) Reason for the notification Director
a) Position / status
---------------------
b) Initial notification Initial notification
/ amendment
---------------------
3) Details of the issuer TransGlobe Energy
a) Name Corporation
---------------------
b) Legal Entity Identifier 549300QMNS6BDY8UUB03
---------------------
4) Details of transaction Performance Share
a) Description of financial Units
instrument
---------------------
b) Identification code ISIN for TransGlobe
Energy Corporation
Ordinary Shares:
CA8936621066
---------------------
c) Nature of the transaction Vesting of PSUs
---------------------
d) Price(s) and volume(s) Price: Cdn $2.38
Volume: 139,069
---------------------
e) Aggregated information:
i) Price Price: $2.38 Cdn
ii) Volume per PSU
Volume: 139,069
PSUs
---------------------
f) Date of the transaction May 20, 2019
---------------------
g) Place of Transaction Outside a trading
venue
---------------------
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: +1 403.444-4787 mail: investor.relations@trans-globe.com 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 transglobeenergy@fticonsulting.com 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 rns@lseg.com or visit www.rns.com.
END
DSHLLFSLRIISIIA
(END) Dow Jones Newswires
June 04, 2019 07:42 ET (11:42 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
