Vaalco Energy Inc Transaction in Own Shares (0229Z)

TIDMEGY

RNS Number : 0229Z

Vaalco Energy Inc

11 May 2023

11 May 2023

VAALCO Energy, Inc.

("VAALCO" or the "Company")

Transaction in own shares

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, further to its announcements on November 1, 2022 and November 18, 2022 of the implementation of its share buyback program (the "Program"), the following transactions were made under the Program during the period May 1, 2023 to May 4, 2023.

 
 Transaction date    Daily total volume   Daily weighted     Platform 
                      (in number of        average price 
                      shares of common     of common stock 
                      stock)               acquired 
 May 1, 2023         96,182               4.2247             XNYS 
                    ===================  =================  ========= 
 May 2, 2023         115,497              4.0968             XNYS 
                    ===================  =================  ========= 
 May 3, 2023         114,564              4.1059             XNYS 
                    ===================  =================  ========= 
 May 4, 2023         36,600               4.115              XNYS 
                    ===================  =================  ========= 
 

All transactions under the Program were made under ISIN US91851C2017 and effected by Roth Capital Partners LLC on behalf of the Company. A full breakdown of the individual trades is attached to this announcement, and can be viewed by clicking here for the trades made on May 1, 2023, here for the trades made on May 2, 2023, here for the trades made on May 3, 2023 and here for the trades made on May 4, 2023. The purpose of the Program is to reduce the share capital of the Company.

Following the transactions referred to above, VAALCO has total issued share capital of 120,698,826 common shares, of which 13,468,399 common shares are held in treasury and 457,829 common shares are unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following the transactions referred to above are 107,230,427.

About VAALCO

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

Following its business combination with TransGlobe in October 2022, 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 / J on Krinks                      [e-mail] 
 

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May 11, 2023 02:00 ET (06:00 GMT)