Vaalco Energy Inc PDMR dealings

RNS Number : 6092H

Vaalco Energy Inc

20 March 2024

 

20 March 2024

VAALCO Energy, Inc.

("VAALCO" or the "Company")

PDMR dealings  

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces the following exercise of options awards in the Company on 18 March 2024 by persons discharging managerial responsibility in the Company: 

Name	Role at time of exercise	Nature of transaction	Number of shares of Common Stock over which options exercised	Exercise price per share of Common Stock ($)
Andrew Fawthrop	Chairman of the Board	Exercise of options	64,307	$1.43

The Company announces that, immediately following the exercise of options referred to above, there was a forfeiture of shares of common stock, of par value $0.10 per share, of the Company ("Common Stock") to meet tax liabilities arising from the exercise of options by the relevant person discharging managerial responsibility in the Company as listed below.

Name	Role	Nature of transaction	Number of shares of Common Stock
Andrew Fawthrop	Chairman of the Board	Forfeiture of Common Stock	15,938

As a result of the exercise of options and tax-related forfeiture of Common Stock, Andrew Fawthrop, the Company's Chairman of the Board, acquired 48,369 shares of Common Stock.

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, U.S.-based, independent energy company with production, development and exploration assets in Africa and Canada.

VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.

For Further Information

VAALCO Energy, Inc. (General and Investor Enquiries)	+00 1 713 623 0801
Website:	www.vaalco.com
Al Petrie Advisors (US Investor Relations)	+00 1 713 543 3422
Al Petrie / Chris Delange
Buchanan (UK Financial PR)	[phone]
Ben Romney / George Pope	[e-mail]

 

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Fawthrop
2.	Reason for the notification
a)	Position / status	Chairman of the Board
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share   US91851C2017
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Volume: 64,307 Price: $1.43
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	18 March 2024
f)	Place of the transaction	Outside a trading venue

 

 

 

 

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Fawthrop
2.	Reason for the notification
a)	Position / status	Chairman of the Board
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	Legal Entity Identifier	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share   US91851C2017
b)	Nature of the transaction	Forfeiture of Common Stock
c)	Price(s) and volume(s)	Volume: 15,938 Price: $5.77
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	18 March 2024
f)	Place of the transaction	Outside a trading venue

 

 

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