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TGL Transglobe Energy Corporation

295.00
0.00 (0.00%)
Last Updated: 00:00:00
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

TransGlobe Energy Corporation TGL Announces Update To Significant Shareholders (6590P)

19/02/2021 7:00am

UK Regulatory


Transglobe Energy (LSE:TGL)
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TIDMTGL

RNS Number : 6590P

TransGlobe Energy Corporation

19 February 2021

TRANSGLOBE ENERGY CORPORATION ANNOUNCES AN

UPDATE TO ITS SIGNIFICANT SHAREHOLDERS

AIM & TSX: "TGL" & NASDAQ: "TGA"

Calgary, Alberta, February 19, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") understands that as of December 31, 2020, Invesco Ltd. , through various funds, individuals and/or institutional clients of the foregoing, beneficially own an aggregate interest in 6,502,037 common shares of the Company, which represents approximately 9.0% of the issued and outstanding common shares of the Company.

The above information is based on the Company's understanding of Invesco Ltd.'s most recent 13G Securities and Exchange Commission filing, dated 12 February 2021.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer) 
 
 1a. Identity of the issuer or                                    TransGlobe Energy Corporation 
  the underlying issuer of existing 
  shares to which voting rights 
  are attached: 
                                                           ------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please 
  mark with an "X" if appropriate) 
 Non-UK issuer                                                                                     x 
                                                                                                  --- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
 An acquisition or disposal of voting rights                                                       x 
                                                                                                  --- 
 An acquisition or disposal of financial instruments 
                                                                                                  --- 
 An event changing the breakdown of voting rights 
                                                                                                  --- 
 Other (please specify): Total number of voting rights of 
  issuer changed as a result of completion of tender offer. 
                                                                                                  --- 
 3. Details of person subject to the notification obligation 
 Name                                                       Invesco Ltd. 
 City and country of registered                             Bermuda 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                           ------------------------------------------ 
 City and country of registered 
  office (if applicable) 
                                                           ------------------------------------------ 
 5. Date on which the threshold                             31 December 2020 
  was crossed or reached: 
                                                           ------------------------------------------ 
 6. Date on which issuer notified                           17 February 2021 
  (DD/MM/YYYY): 
                                                           ------------------------------------------ 
 7. Total positions of person(s) subject to the notification 
  obligation 
                           % of voting            % of voting          Total of both   Total number 
                          rights attached        rights through          in % (8.A      of voting 
                             to shares        financial instruments        + 8.B)       rights of 
                             (total of              (total of                           issuer 
                               8. A)               8.B 1 + 8.B 
                                                       2) 
                        -----------------  -------------------------  --------------  --------------- 
 Resulting situation 
  on the date on 
  which threshold 
  was crossed or 
  reached                      9.0%                    0%                  9.0%          72,542,071 
                        -----------------  -------------------------  --------------  --------------- 
 Position of previous 
  notification 
  (if 
  applicable)                  8.8%                                        8.8% 
                        -----------------  -------------------------  --------------  --------------- 
 
 
 
 8. Notified details of the resulting situation on the date 
  on which the threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type               Number of voting rights                                % of voting rights 
  of 
  shares 
  ISIN code (if 
  possible) 
                                Direct                    Indirect                    Direct            Indirect 
                               (Art 9 of             (Art 10 of Directive            (Art 9 of          (Art 10 of 
                               Directive                 2004/109/EC)                Directive          Directive 
                             2004/109/EC)                 (DTR5.2.1)                2004/109/EC)       2004/109/EC) 
                               (DTR5.1)                                               (DTR5.1)          (DTR5.2.1) 
                                              -------------------------------- 
 CA8936621066                     -                       6,502,037                      -                9.0% 
                         -------------------  --------------------------------  ------------------  ---------------- 
 
 SUBTOTAL 8. 
  A                                            6,502,037                                        9.0% 
                         -----------------------------------------------------  ------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of          Expiration        Exercise/                        Number of voting                    % of voting 
  financial        date              Conversion Period                rights that may be                  rights 
  instrument                                                          acquired if the instrument 
                                                                      is 
                                                                      exercised/converted. 
                 ----------------  -------------------------------  ----------------------------------  ------------ 
 
 
                                    SUBTOTAL 8. B 
                                     1 
                                   -------------------------------  ----------------------------------  ------------ 
 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of           Expiration       Exercise/                Physical or              Number of          % of voting 
  financial         date             Conversion               cash                     voting rights      rights 
  instrument                         Period                   settlement 
                  ---------------  -----------------------  -----------------------  ----------------- 
 
 
                                                             SUBTOTAL 8.B.2 
                                                            -----------------------  ----------------- 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control 
  any other undertaking(s) holding directly or indirectly 
  an interest in the (underlying) issuer 
 Full chain of controlled undertakings through which the                           X 
  voting rights and/or the 
  financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity 
  (please add additional rows as necessary) 
        Name             % of voting       % of voting rights        Total of both 
                         rights if it       through financial         if it equals 
                         equals or is       instruments if it         or is higher 
                          higher than      equals or is higher     than the notifiable 
                        the notifiable     than the notifiable          threshold 
                           threshold            threshold 
                      -----------------  ---------------------  ----------------------- 
 Invesco Ltd.                9.0%                                         9.0% 
                      -----------------  ---------------------  ----------------------- 
 
 
 10. In case of proxy voting, please identify: 
 
 Name of the proxy holder 
                                         ---------------------------------------------- 
 The number and % of voting rights 
  held 
                                         ---------------------------------------------- 
 The date until which the voting 
  rights will be held 
                                         ---------------------------------------------- 
 
 11. Additional information 
 
 
 
 
 Place of completion   1555 Peachtree Street NE, Suite 1800, Atlanta, 
                        GA, USA 
 Date of completion    12 February 2021 
                      ----------------------------------------------- 
 

The Company understands that as of December 31, 2020, BLR Partners LP , through various funds, individuals and/or institutional clients of the foregoing, beneficially own an aggregate interest in 750,002 common shares of the Company, which represents approximately 1.0% of the issued and outstanding common shares of the Company.

The above information is based on the Company's understanding of BLR Partners LP's most recent 13F Securities and Exchange Commission filing, dated 16 February 2021.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer) 
 
 1a. Identity of the issuer or the underlying                           TransGlobe Energy Corporation 
  issuer of existing shares to which voting 
  rights are attached: 
                                                                    ------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please 
  mark with an "X" if appropriate) 
 Non-UK issuer                                                                                        x 
                                                                                                     --- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
 An acquisition or disposal of voting rights                                                          x 
                                                                                                     --- 
 An acquisition or disposal of financial instruments 
                                                                                                     --- 
 An event changing the breakdown of voting rights 
                                                                                                     --- 
 Other (please specify): Total number of voting rights of 
  issuer changed as a result of completion of tender offer. 
                                                                                                     --- 
 3. Details of person subject to the notification obligation 
 Name                                                                BLR Partners LP 
 City and country of registered office                               Houston, Texas, USA 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                                    ------------------------------------ 
 City and country of registered office 
  (if applicable) 
                                                                    ------------------------------------ 
 5. Date on which the threshold was crossed                          31 December 2020 
  or reached: 
                                                                    ------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):                      17 February 2021 
                                                                    ------------------------------------ 
 7. Total positions of person(s) subject to the notification 
  obligation 
                             % of voting             % of voting           Total of     Total number 
                            rights attached         rights through          both in      of voting 
                               to shares        financial instruments       % (8.A +     rights of 
                               (total of              (total of               8.B)       issuer 
                                 8. A)               8.B 1 + 8.B 
                                                          2) 
                          -----------------  --------------------------  ------------  ----------------- 
 Resulting situation 
  on the date on which 
  threshold was crossed 
  or reached                     1.0%                                        1.0%          72,542,071 
                          -----------------  --------------------------  ------------  ----------------- 
 Position of previous 
  notification (if 
  applicable)                    5.0%                                        5.0% 
                          -----------------  --------------------------  ------------  ----------------- 
 
 
 
 8. Notified details of the resulting situation on the date 
  on which the threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of            Number of voting rights                    % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                                Direct               Indirect              Direct            Indirect 
                               (Art 9 of            (Art 10 of            (Art 9 of          (Art 10 of 
                               Directive             Directive            Directive          Directive 
                              2004/109/EC)         2004/109/EC)         2004/109/EC)        2004/109/EC) 
                                (DTR5.1)            (DTR5.2.1)            (DTR5.1)           (DTR5.2.1) 
                                               ------------------- 
 CA8936621066                   750,002                                                        1.0% 
                         --------------------  -------------------  -------------------  ---------------- 
 SUBTOTAL 8. A 
                         -----------------------------------------  ------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of         Expiration       Exercise/                Number of voting                   % of voting 
  financial       date             Conversion Period        rights that may be                 rights 
  instrument                                                acquired if the instrument 
                                                            is 
                                                            exercised/converted 
                ---------------  -----------------------  ---------------------------------  ------------ 
                                  SUBTOTAL 8. B 
                                   1 
                                 -----------------------  ---------------------------------  ------------ 
 
 
 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration   Exercise/     Physical or      Number of          % of voting 
  financial     date         Conversion    cash             voting rights      rights 
  instrument                 Period        settlement 
              -----------  ------------  ---------------  ----------------- 
                                          SUBTOTAL 8.B.2 
                                         ---------------  -------------- 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control 
  any other undertaking(s) holding directly or indirectly 
  an interest in the (underlying) issuer 
 Full chain of controlled undertakings through which the                                       X 
  voting rights and/or the 
  financial instruments are effectively held starting with 
  the ultimate controlling natural person or legal entity 
  (please add additional rows as necessary) 
             Name                    % of voting        % of voting rights       Total of both 
                                       rights if         through financial        if it equals 
                                       it equals          instruments if          or is higher 
                                     or is higher          it equals or        than the notifiable 
                                  than the notifiable     is higher than            threshold 
                                       threshold          the notifiable 
                                                             threshold 
                                ---------------------  -------------------  ----------------------- 
 Bradley L. Radoff                       1.0%                                         1.0% 
                                ---------------------  -------------------  ----------------------- 
 BLR Partners LP 
                                ---------------------  -------------------  ----------------------- 
 BLRPart, LP 
                                ---------------------  -------------------  ----------------------- 
 BLRGP Inc. 
                                ---------------------  -------------------  ----------------------- 
 Fondren Management, LP 
                                ---------------------  -------------------  ----------------------- 
 FMLP Inc. 
                                ---------------------  -------------------  ----------------------- 
 The Radoff Family Foundation 
                                ---------------------  -------------------  ----------------------- 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
 
 The number and % of voting rights 
  held 
 
 The date until which the voting rights 
  will be held 
 
 
 11. Additional information 
 
 
 
 Place of completion   Houston, Texas, USA 
 Date of completion    16 February 2021 
                      -------------------- 
 

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 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 
                                                                              or 
                                                                  FTI Consulting 
 Tailwind Associates (Investor Relations)                        +1 403 618 8035 
  Darren Engels                                     darren@tailwindassociates.ca 
                                                http://www.tailwindassociates.ca 
 FTI Consulting (Financial PR)                               +44(0) 20 3727 1000 
  Ben Brewerton                               transglobeenergy@fticonsulting.com 
  Genevieve Ryan 
 Canaccord Genuity (Nomad & Joint-Broker) 
  Henry Fitzgerald-O'Connor 
  James Asensio                                              +44(0) 20 7523 8000 
 Shore Capital (Joint Broker) 
  Jerry Keen 
  Toby Gibbs                                                 +44(0) 20 7408 4090 
 

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February 19, 2021 02:00 ET (07:00 GMT)

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