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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 : 3622M
TransGlobe Energy Corporation
16 September 2019
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
DIRECTOR/PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, September 16, 2019 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on September 13, 2019, David Cook, Carol Bell, Edward LaFehr, Susan MacKenzie, and Steven Sinclair, all Independent Directors, received Deferred Share Units ("DSUs") as a result of the Company having declared a dividend:
Director Number of Price Number of DSUs % of Company's DSUs granted Granted held following issued share ($Cdn) the transaction capital held DSUs are settled in cash and have no effect David Cook 6,053 $1.90 254,898 on share capital -------------- --------- ----------------- ------------------ Carol Bell 734 $1.90 30,906 -------------- --------- ----------------- ------------------ Edward LaFehr 734 $1.90 30,906 -------------- --------- ----------------- Susan MacKenzie 3,690 $1.90 155,371 -------------- --------- ----------------- Steven Sinclair 2,049 $1.90 86,266 -------------- --------- ----------------- ------------------
Also on September 13, 2019, Ross Clarkson (Non-Independent Director) received DSUs as a result of the Company having declared a dividend:
Director Number of Price Number of DSUs % of Company's DSUs granted Granted held following issued share ($Cdn) the transaction capital held DSUs are settled in cash and have no effect Ross Clarkson 734 $1.90 30,906 on share capital -------------- --------- ----------------- ------------------
As well the Company announces that on September 13, 2019, Randy Neely (President and Chief Executive Officer), Lloyd Herrick (Executive Vice President) and Edward Ok (Vice President Finance and Chief Financial Officer), all persons discharging managerial responsibilities with the Corporation, received Performance Share Units ("PSUs") and Restricted Share Units ("RSUs") as a result of the Company having declared a dividend. Also on September 13, 2019, Geoff Probert (Vice President and Chief Operating Officer), a person discharging managerial responsibilities with the Corporation, received Performance Share Units ("PSUs") as a result of the Company having declared a dividend.
Also on September 13, 2019, Ross Clarkson (Non-Independent Director) received Performance Share Units ("PSUs") and Restricted Share Units ("RSUs") as a result of the Company having declared a dividend. Prior to Mr. Clarkson's retirement as CEO on December 31, 2018, he was a participant in the Company's long term incentive plans and as such was the recipient of PSUs and RSUs.
PDMR Position Type Quantity Exercise Number Held Awarded Price/Price Following of Grant Grant ($Cdn) President and Chief Executive Randy Neely Officer PSU 7,989 $1.90 336,417 ---------------------- ------ --------- ------------- ------------ RSU 276 $1.90 11,623 ------------------------------------------------ --------- ------------- ------------ Executive Vice Lloyd Herrick President PSU 8,454 $1.90 356,011 ---------------------- ------ --------- ------------- ------------ RSU 412 $1.90 17,342 ------------------------------------------------ --------- ------------- ------------ Vice President Finance and Chief Edward Ok Financial Officer PSU 3,563 $1.90 150,023 ---------------------- ------ --------- ------------- ------------ RSU 203 $1.90 8,532 ------------------------------------------------ --------- ------------- ------------ Vice President and Chief Operating Geoffrey Probert Officer PSU 1,905 $1.90 80,219 ---------------------- ------ --------- ------------- ------------ DIRECTOR Position Type Quantity Exercise Number Held Awarded Price/Price Following of Grant Grant ($Cdn) Non-Independent Ross Clarkson Director PSU 7,097 $1.90 298,841 ----------------- ------ --------- ------------- ------------ RSU 519 $1.90 21,870 ---------------------------------------- --------- ------------- ------------
The newly granted share units were granted in accordance with the Deferred Share Unit Plan, Performance Share Unit Plan and the Restricted 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. The DSUs will count towards the respective shareholdings requirements for directors as outlined in the Company's compensation policy which is voted on by shareholders annually.
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 David Cook Carol Bell Edward LaFehr a) Name 2) Reason for the Independent Director Independent Director Independent notification Director a) Position / status --------------------- --------------------- --------------------- 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 Deferred Share Deferred Share Deferred Share a) Description of Units 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 Grant of Deferred Grant of Deferred Grant of Deferred transaction Share Units due Share Units due Share Units to dividend to dividend due to dividend --------------------- --------------------- --------------------- d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90 volume(s) Volume: 6,053 Volume: 734 Volume: 734 --------------------- --------------------- --------------------- e) Aggregated information: Price: $1.90 Price: $1.90 i) Price Cdn per DSU Price: $1.90 Cdn per DSU ii) Volume Volume: 6,053 Cdn per DSU Volume: 734
DSUs Volume: 734 DSUs DSUs --------------------- --------------------- --------------------- f) Date of the transaction September 13, September 13, September 13, 2019 2019 2019 --------------------- --------------------- --------------------- g) Place of Transaction Outside a trading Outside a trading Outside a trading venue venue venue --------------------- --------------------- --------------------- 1) Details of PDMR Susan MacKenzie Steven Sinclair Ross Clarkson a) Name 2) Reason for the Independent Director Independent Director Non-Independent notification Director a) Position / status --------------------- --------------------- --------------------- 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 Deferred Share Deferred Share Deferred Share a) Description of Units 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 Grant of Deferred Grant of Deferred Grant of Deferred transaction Share Units due Share Units due Share Units due to dividend to dividend to dividend --------------------- --------------------- --------------------- d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90 volume(s) Volume: 3,690 Volume: 2,049 Volume: 734 --------------------- --------------------- --------------------- e) Aggregated information: Price: $1.90 Price: $1.90 i) Price Cdn per DSU Cdn per DSU Price: $1.90 ii) Volume Volume: 3,690 Volume: 2,049 Cdn per DSU DSUs DSUs Volume: 734 DSUs --------------------- --------------------- --------------------- f) Date of the transaction September 13, September 13, September 13, 2019 2019 2019 --------------------- --------------------- --------------------- g) Place of Transaction Outside a trading Outside a trading Outside a trading venue venue venue --------------------- --------------------- --------------------- 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 Grant of PSUs Grant of PSUs Grant of PSUs transaction due to dividend due to dividend due to dividend --------------------- --------------------- --------------------- d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90 volume(s) Volume: 7,989 Volume: 8,454 Volume: 3,563 --------------------- --------------------- --------------------- e) Aggregated information: i) Price Price: $ 1.90 Price: $1.90 Price: $1.90 ii) Volume Cdn per PSU Cdn per PSU Cdn per PSU Volume: 7,989 Volume: 8,454 Volume: 3,563 PSUs PSUs PSUs --------------------- --------------------- --------------------- f) Date of the transaction September 13, September 13, September 13, 2019 2019 2019 --------------------- --------------------- --------------------- g) Place of Transaction Outside a trading Outside a trading Outside a trading venue venue venue --------------------- --------------------- --------------------- 1) Details of PDMR Geoffrey Probert Ross Clarkson a) Name 2) Reason for the Vice President Non-Independent notification and Chief Operating Director a) Position / status Officer --------------------- --------------------- b) Initial notification Initial notification Initial notification / amendment --------------------- --------------------- 3) Details of the TransGlobe Energy TransGlobe Energy issuer Corporation Corporation a) Name --------------------- --------------------- b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 Identifier --------------------- --------------------- 4) Details of transaction Performance Share Performance a) Description of Units Share Units financial instrument
--------------------- --------------------- b) Identification ISIN for TransGlobe ISIN for TransGlobe code Energy Corporation Energy Corporation Ordinary Shares: Ordinary Shares: CA8936621066 CA8936621066 --------------------- --------------------- c) Nature of the Grant of PSUs Grant of PSUs transaction due to dividend due to dividend --------------------- --------------------- d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 volume(s) Volume: 1,905 Volume: 7,097 --------------------- --------------------- e) Aggregated information: i) Price Price: $1.90 Price: $1.90 ii) Volume Cdn per PSU Cdn per PSU Volume: 1,905 Volume: 7,097 PSUs PSUs --------------------- --------------------- f) Date of the transaction September 13, September 13, 2019 2019 --------------------- --------------------- g) Place of Transaction Outside a trading Outside a trading venue venue --------------------- --------------------- 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 Restricted Share Restricted Share Restricted Share a) Description of Units 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 Grant of RSUs Grant of RSUs Grant of RSUs transaction due to dividend due to dividend due to dividend --------------------- --------------------- --------------------- d) Price(s) and Price: Cdn $1.90 Price: Cdn $1.90 Price: Cdn $1.90 volume(s) Volume: 276 Volume: 412 Volume: 203 --------------------- --------------------- --------------------- e) Aggregated information: i) Price Price: $1.90 Price: $1.90 Price: $1.90 ii) Volume Cdn per RSU Cdn per RSU Cdn per RSU Volume: 276 RSUs Volume: 412 Volume: 203 RSUs RSUs --------------------- --------------------- --------------------- f) Date of the transaction September 13, September 13, September 13, 2019 2019 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 Non-Independent notification Director a) Position / status --------------------- b) Initial notification Initial notification / amendment --------------------- 3) Details of the TransGlobe Energy issuer Corporation a) Name --------------------- b) Legal Entity 549300QMNS6BDY8UUB03 Identifier --------------------- 4) Details of transaction Restricted Share a) Description of Units financial instrument --------------------- b) Identification ISIN for TransGlobe code Energy Corporation Ordinary Shares: CA8936621066 --------------------- c) Nature of the Grant of RSUs transaction due to dividend --------------------- d) Price(s) and Price: Cdn $1.90 volume(s) Volume: 519 --------------------- e) Aggregated information: i) Price Price: $1.90 ii) Volume Cdn per RSU Volume: 519 RSUs --------------------- f) Date of the transaction September 13, 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: +1 403.264.9888 Email: 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, Vice President and 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.
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(END) Dow Jones Newswires
September 16, 2019 02:01 ET (06:01 GMT)
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