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TransGlobe Energy Corporation Announces Director/PDMR Shareholdings

CALGARY, Alberta, March 22, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (AIM & TSX:  “TGL” & NASDAQ:  “TGA”) (“TransGlobe” or the “Company”) announces that stock options (“Options”) were granted on March 20, 2019 to the President and Chief Executive Officer, the Vice President Finance and Chief Financial Officer, the Executive Vice President and the Vice President and Chief Operating Officer (collectively referred to as the “PDMRs”). 

The Company has also granted Performance Share Units (“PSUs”) to the PDMRs in accordance with the Performance Share Unit Plan of the Company.  No shares will be issued upon exercise or vesting of any of the share units as the instruments are settled in cash.

PDMR Position Type Quantity Awarded Exercise Price/Price of Grant ($Cdn) Number Held Following Grant
Randy Neely President and Chief Executive Officer Option 270,674 $2.83 1,312,588
PSU 128,594 $2.81 418,991
Lloyd Herrick Executive Vice President Option 239,987 $2.83 1,573,526
PSU 114,015 $2.81 449,410
Edward Ok Vice President Finance and Chief Financial Officer Option 134,831 $2.83 265,266
PSU 64,057 $2.81 156,165
Geoffrey Probert Vice President and Chief Operating Officer Option 161,798 $2.83 161,798
PSU 76,868 $2.81 76,868

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

/EIN News/ -- Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014

1) Details of PDMR Randy Neely Lloyd Herrick Edward Ok Geoffrey Probert
  a) Name
2) Reason for the notification President and Chief Executive Officer Executive Vice President Vice President Finance and Chief Financial Officer Vice President and Chief Operating Officer
  a) Position / status
  b) Initial notification / amendment Initial notification Initial notification Initial notification Initial notification
3) Details of the issuer TransGlobe Energy Corporation TransGlobe Energy Corporation TransGlobe Energy Corporation TransGlobe Energy Corporation
  a) Name
  b) Legal Entity Identifier 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
4) Details of transaction Options Options Options Options
  a) Description of financial instrument
  b) Identification code ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
  c) Nature of the transaction Grant of Options Grant of Options Grant of Options Grant of Options
  d) Price(s) and volume(s) Price: Cdn $2.83
Volume: 270,674
Price: Cdn $2.83
Volume: 239,987
Price: Cdn $2.83
Volume: 134,831
Price: Cdn $2.83
Volume: 161,798
  e) Aggregated information:  Price: $2.83 Cdn per Option
Volume: 270,674 Options
Price: $2.83 Cdn per Option
Volume: 239,987 Options
Price: $2.83 Cdn per Option
Volume: 134,831 Options
Price: $2.83 Cdn per Option
Volume: 161,798 Options
    i) Price
    ii) Volume
  f) Date of the transaction March 20, 2019 March 20, 2019 March 20, 2019 March 20, 2019
  g) Place of Transaction Outside a trading venue Outside a trading venue Outside a trading venue Outside a trading venue

Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014

1) Details of PDMR
Randy Neely Lloyd Herrick Edward Ok Geoffrey Probert
  a) Name
2) Reason for the notification
President and Chief Executive Officer Executive Vice President Vice President Finance and Chief Financial Officer Vice President and Chief Operating Officer
  a) Position / status
  b) Initial notification / amendment
Initial notification Initial notification Initial notification Initial notification
3) Details of the issuer
TransGlobe Energy Corporation TransGlobe Energy Corporation TransGlobe Energy Corporation TransGlobe Energy Corporation
  a) Name
  b) Legal Entity Identifier
549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03 549300QMNS6BDY8UUB03
4) Details of transaction
Performance Share Units Performance Share Units Performance Share Units Performance Share Units
  a) Description of financial instrument
  b) Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066 ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
  c) Nature of the transaction
Grant of PSUs Grant of PSUs Grant of PSUs Grant of PSUs
  d) Price(s) and volume(s)
Price: Cdn $2.81
Volume: 128,594
Price: Cdn $2.81
Volume: 114,015
Price: Cdn $2.81
Volume: 64,057
Price: Cdn $2.81
Volume: 76,868
  e) Aggregated information:  Price: $2.81 Cdn per PSU
Price: $2.81 Cdn per PSU
Price: $2.81 Cdn per PSU
Price: $2.81 Cdn per PSU
    i) Price
    ii) Volume Volume: 128,594 PSUs Volume: 114,015 PSUs Volume: 64,057 PSUs Volume: 76,868 PSUs
  f) Date of the transaction
March 20, 2019 March 20, 2019 March 20, 2019 March 20, 2019
  g) Place of Transaction
Outside a trading venue Outside a trading venue Outside a trading venue Outside a trading venue

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:

Investor Relations
Telephone: +1 403.264.9888
Email: investor.relations@trans-globe.com
Web site:  http://www.trans-globe.com
   
     
TransGlobe Energy   Via FTI Consulting
Randy Neely, President and Chief Executive Officer    
Eddie Ok, Chief Financial Officer  
     
Canaccord Genuity  (Nomad & Joint Broker)   +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor    
James Asensio    
     
GMP First Energy (Joint Broker)   +44 (0) 207 448 0200
Jonathan Wright    
     
FTI Consulting (Financial PR)   +44 (0) 203 727 1000
Ben Brewerton    
Genevieve Ryan   transglobeenergy@fticonsulting.com

PDF available: http://ml.globenewswire.com/Resource/Download/4751cfd7-3105-45d2-b531-d4edac4a3970

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Distribution channels: Energy Industry


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