TIDMTGL

RNS Number : 4901Z

TransGlobe Energy Corporation

21 May 2021

TRANSGLOBE ENERGY CORPORATION ANNOUNCES

DIRECTOR/PDMR SHAREHOLDINGS

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

Calgary, Alberta, May 21, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on May 17, 2021, David Cook, Ross Clarkson, Edward LaFehr, Tim Marchant and Steven Sinclair all Directors of the Company received Deferred Share Units ("DSUs") as part of the Company's director compensation program and will count towards their respective shareholding requirements.

 
 Director              Number of      Price     Number of DSUs      % of Company's 
                     DSUs issued    Granted     held following        issued share 
                                     ($Cdn)    the transaction        capital held 
                                                                 DSUs are settled 
                                                                    in cash and 
                                                                   have no effect 
 David Cook               48,649      $1.85            383,685    on share capital 
                   -------------  ---------  -----------------  ------------------ 
 Ross Clarkson            37,838      $1.85            131,073 
                   -------------  ---------  -----------------  ------------------ 
 Edward LaFehr            37,838      $1.85            131,073 
                   -------------  ---------  ----------------- 
 Tim Marchant             37,838      $1.85            100,167 
                   -------------  ---------  ----------------- 
 Steven Sinclair          37,838      $1.85            186,432 
                   -------------  ---------  -----------------  ------------------ 
 

The DSUs were issued in accordance with the Deferred Share Unit Plan of the Company. No shares will be issued upon retirement or vesting of any of the share units as the instruments are settled in cash.

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 of PDMR                      David Cook           Ross Clarkson          Edward LaFehr 
       a) Name 
      2) Reason for the                        Director               Director               Director 
       notification 
       a) Position / status 
                                        ---------------------  ---------------------  --------------------- 
      b) Initial notification            Initial notification   Initial notification   Initial notification 
       / amendment 
                                        ---------------------  ---------------------  --------------------- 
      3) Details of the                   TransGlobe Energy      TransGlobe Energy      TransGlobe Energy 
       issuer                                 Corporation            Corporation            Corporation 
       a) Name 
                                        ---------------------  ---------------------  --------------------- 
      b) Legal Entity                    549300QMNS6BDY8UUB03   549300QMNS6BDY8UUB03   549300QMNS6BDY8UUB03 
       Identifier 
                                        ---------------------  ---------------------  --------------------- 
      4) Details of transaction             Deferred Share         Deferred Share         Deferred Share 
       a) Description                            Units                  Units                  Units 
       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 the                    Grant of Deferred      Grant of Deferred      Grant of Deferred 
       transaction                            Share Units            Share Units            Share Units 
                                        ---------------------  ---------------------  --------------------- 
      d) Price(s) and                    Price: Cdn $1.85       Price: Cdn $1.85       Price: Cdn $1.85 
       volume(s)                          Volume: 48,649         Volume: 37,838         Volume: 37,838 
                                        ---------------------  ---------------------  --------------------- 
            e) Aggregated information:   Price: $1.85           Price: $1.85           Price: $1.85 
             i) Price                     Cdn per DSU            Cdn per DSU            Cdn per DSU 
             ii) Volume                   Volume: 48,649         Volume: 37,838         Volume: 37,838 
                                          DSUs                   DSUs                   DSUs 
                                        ---------------------  ---------------------  --------------------- 
      f) Date of the                         May 17, 2021           May 17, 2021           May 17, 2021 
       transaction 
                                        ---------------------  ---------------------  --------------------- 
      g) Place of Transaction             Outside a trading      Outside a trading      Outside a trading 
                                                 venue                  venue                  venue 
                                        ---------------------  ---------------------  --------------------- 
 
 
      1) Details of PDMR                     Tim Marchant         Steven Sinclair 
       a) Name 
     2) Reason for the                         Director               Director 
      notification 
      a) Position / status 
                                        ---------------------  --------------------- 
      b) Initial notification            Initial notification   Initial notification 
       / amendment 
                                        ---------------------  --------------------- 
      3) Details of the                   TransGlobe Energy      TransGlobe Energy 
       issuer                                 Corporation            Corporation 
       a) Name 
                                        ---------------------  --------------------- 
      b) Legal Entity                    549300QMNS6BDY8UUB03   549300QMNS6BDY8UUB03 
       Identifier 
                                        ---------------------  --------------------- 
     4) Details of transaction              Deferred Share         Deferred Share 
      a) Description of                          Units                  Units 
      financial instrument 
                                        ---------------------  --------------------- 
     b) Identification                   ISIN for TransGlobe    ISIN for TransGlobe 
      code                                Energy Corporation     Energy Corporation 
                                          Ordinary Shares:       Ordinary Shares: 
                                          CA8936621066           CA8936621066 
                                        ---------------------  --------------------- 
     c) Nature of the                     Grant of Deferred      Grant of Deferred 
      transaction                             Share Units            Share Units 
                                        ---------------------  --------------------- 
     d) Price(s) and                     Price: Cdn $1.85       Price: Cdn $1.85 
      volume(s)                           Volume: 37,838         Volume: 37,838 
                                        ---------------------  --------------------- 
            e) Aggregated information:   Price: $1.85           Price: $1.85 
             i) Price                     Cdn per DSU            Cdn per DSU 
             ii) Volume                   Volume: 37,838         Volume: 37,838 
                                          DSUs                   DSUs 
                                        ---------------------  --------------------- 
      f) Date of the transaction             May 17, 2021           May 17, 2021 
                                        ---------------------  --------------------- 
      g) Place of Transaction             Outside a trading      Outside a trading 
                                                 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 
                                                                              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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May 21, 2021 10:46 ET (14:46 GMT)

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