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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 : 4712G
TransGlobe Energy Corporation
30 March 2022
TRANSGLOBE ENERGY CORPORATION ANNOUNCES
PDMR SHAREHOLDINGS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, March 30, 2022 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on March 25, 2022 t he Company issued Performance Share Units ("PSUs") to the President and Chief Executive Officer, the Vice President Finance, Chief Financial Officer and Corporate Secretary and the Vice President and Chief Operating Officer (collectively referred to as the "PDMR") in accordance with the Performance Share Unit Plan of the Company.
The Company also issued Restricted Share Units ("RSUs") on March 25, 2022 to the PDMR in accordance with 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.
On March 16, 2022, the Board determined to allow the Company's stock option plan (the "Option Plan") to lapse and will not be seeking the requisite three year approval under TSX policies for unallocated Options under the Option Plan at the Company's forthcoming Annual General Meeting. Accordingly, no further grants can be made under the Option Plan after May 10, 2022. Previously allocated Options will be unaffected and will continue in accordance with their terms. Going forward, the Company's LTIP will be issued in the form of RSUs and PSUs under the RSU Plan and PSU Plan, respectively, to ensure continued alignment with Shareholder interests.
PDMR Position Type Quantity Price of Number Held Awarded Grant ($Cdn) Following Grant President and Chief Executive Randy Neely Officer PSU 109,756 $4.51 721,056 ---------------------- ------ --------- -------------- ------------ RSU 36,585 $4.51 36,585 ------------------------------------------- --------- -------------- ------------ Vice President Finance, Chief Financial Officer and Corporate Edward Ok Secretary PSU 57,871 $4.51 362,380 ---------------------- ------ --------- -------------- ------------ RSU 19,290 $4.51 19,290 ------------------------------------------- --------- -------------- ------------ Vice President Geoffrey and Chief Operating Probert Officer PSU 63,532 $4.51 432,548 ---------------------- ------ --------- -------------- ------------ RSU 21,177 $4.51 21,117 ------------------------------------------- --------- -------------- ------------
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 Randy Neely Edward Ok Geoffrey Probert of PDMR a. Name President and Vice President Vice President 2) Reason for Chief Executive Finance, Chief and Chief Operating the notification Officer Financial Officer Officer a. Position and Corporate / status Secretary --------------------- --------------------- --------------------- b. Initial Initial notification Initial notification Initial notification notification / amendment --------------------- --------------------- --------------------- 3) Details TransGlobe Energy TransGlobe Energy TransGlobe Energy of the issuer Corporation Corporation Corporation a. Name --------------------- --------------------- --------------------- b. Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 Identifier --------------------- --------------------- --------------------- 4) Details PSU PSU PSU of transaction a. Description of 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 Grant of PSUs Grant of PSUs Grant of PSUs the transaction --------------------- --------------------- --------------------- d. Price(s) Price: Cdn $4.51 Price: Cdn $4.51 Price: Cdn $4.51 and volume(s) Volume: 109,756 Volume: 57,871 Volume: 63,532 --------------------- --------------------- --------------------- e. Aggregated Price: $4.51 per Price: $4.51 per Price: $4.51 information: PSU PSU per PSU i. Price Volume: 109,756 Volume: 57,871 Volume: 63,532 ii. Volume PSUs PSUs PSUs --------------------- --------------------- --------------------- f. Date of March 25, 2022 March 25, 2022 March25, 2022 the transaction --------------------- --------------------- --------------------- g. Place of Outside a trading Outside a trading Outside a trading Transaction venue venue venue --------------------- --------------------- ---------------------
Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014
1) Details Randy Neely Edward Ok Geoffrey Probert of PDMR a) Name President and Vice President Vice President 2) Reason for Chief Executive Finance, Chief and Chief Operating the notification Officer Financial Officer Officer a) Position and Corporate / status Secretary --------------------- --------------------- --------------------- b) Initial Initial notification Initial notification Initial notification notification / amendment --------------------- --------------------- --------------------- 3) Details TransGlobe Energy TransGlobe Energy TransGlobe Energy of the issuer Corporation Corporation Corporation a) Name --------------------- --------------------- --------------------- b) Legal Entity 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 Identifier --------------------- --------------------- --------------------- 4) Details Restricted Share Restricted Share Restricted Share of transaction Units Units Units a) Description of 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 Grant of RSUs Grant of RSUs Grant of RSUs the transaction --------------------- --------------------- --------------------- d) Price(s) Price: Cdn $4.51 Price: Cdn $4.51 Price: Cdn $4.51 and volume(s) Volume: 36,585 Volume: 19,290 Volume: 21,177 --------------------- --------------------- --------------------- e) Aggregated information: i) Price Price: $4.51 Price: $4.51 Price: $4.51 ii) Volume Cdn per RSU Cdn per RSU Cdn per RSU Volume: 36,585 Volume: 19,290 Volume: 21,177 RSUs RSUs RSUs
--------------------- --------------------- --------------------- f) Date of March 25, 2022 March 25, 2022 March 25, 2022 the transaction --------------------- --------------------- --------------------- g) Place of Outside a trading Outside a trading Outside a trading Transaction venue venue venue --------------------- --------------------- ---------------------
About TransGlobe
TransGlobe Energy Corporation is a cashflow 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 Corporation +1 403 264 9888 Randy Neely, President and CEO investor.relations@trans-globe.com Eddie Ok, CFO http://www.trans-globe.com or via Tailwind Associates Tailwind Associates (Investor Relations) +1 403 618 8035 Darren Engels darren@tailwindassociates.ca http://www.tailwindassociates.ca Canaccord Genuity (Nomad & Joint-Broker) Henry Fitzgerald-O'Connor James Asensio +44(0) 20 7523 8000 Shore Capital (Joint Broker) Toby Gibbs John More +44(0) 20 7408 4090
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
March 30, 2022 02:00 ET (06:00 GMT)
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