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TGL Transglobe Energy Corporation

295.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

TransGlobe Energy Corporation Director/PDMR Shareholding (3622M)

16/09/2019 7:01am

UK Regulatory


Transglobe Energy (LSE:TGL)
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From Apr 2019 to Apr 2024

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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.

END

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(END) Dow Jones Newswires

September 16, 2019 02:01 ET (06:01 GMT)

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