Vaalco Energy Inc Transaction in Own Shares

RNS Number : 6832D

Vaalco Energy Inc

20 February 2024

 

20 February 2024

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 February 9, 2024 to February 16, 2024. 

Transaction date	Daily total volume (in number of shares of common stock)	Daily weighted average price of common stock acquired	Platform
February 9, 2024	50,000	4.2156	XNYS
February 12, 2024	1,200	4.3567	XNYS
February 13, 2024	25,000	4.2675	XNYS
February 14, 2024	25,000	4.2408	XNYS
February 15, 2024	25,000	4.3846	XNYS
February 16, 2024	25,000	4.4001	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 http://www.rns-pdf.londonstockexchange.com/rns/6832D_1-2024-2-19.pdf for the trades made on February 9, 2024, http://www.rns-pdf.londonstockexchange.com/rns/6832D_2-2024-2-19.pdf for the trades made on February 12, 2024, http://www.rns-pdf.londonstockexchange.com/rns/6832D_3-2024-2-19.pdf for the trades made on February 13, 2024, http://www.rns-pdf.londonstockexchange.com/rns/6832D_4-2024-2-19.pdf for the trades made on February 14, 2024, http://www.rns-pdf.londonstockexchange.com/rns/6832D_5-2024-2-19.pdf for the trades made on February 15, 2024 and http://www.rns-pdf.londonstockexchange.com/rns/6832D_6-2024-2-19.pdf for the trades made on February 16 2024. 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 122,554,772 common shares, of which 17,977,084 common shares are held in treasury and 1,080,168 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 104,577,688.

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 / George Pope	[e-mail]

 

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