TransGlobe Energy Corporation Announces Director/PDMR Shareholding
CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on September 14th, 2018 that on the same day Robert G. Jennings, Fred Dyment, Susan MacKenzie, Robert MacDougall, David Cook, Matt Brister and Steven Sinclair, all Independent Directors received Deferred Share Units (“DSUs”) relating to the payment of the dividend as follows:
Director
Number of DSUs granted
Price Granted ($Cdn)
Number of DSUs held following the transaction
% of Company's issued share capital held
Robert Jennings
1,523
$4.90
165,434
DSUs are settled in cash and have no effect on share capital
Fred Dyment
1,018
$4.90
110,576
Susan MacKenzie
1,098
$4.90
119,269
David Cook
1,898
$4.90
206,176
Robert MacDougall
1,106
$4.90
120,147
Matt Brister
488
$4.90
53,047
Steven Sinclair
488
$4.90
53,047
As well the Company announces that it was notified on 14 September 2018 that on the same day Ross Clarkson (CEO), Randy Neely (President), Edward Ok (Vice President Finance & CFO), Lloyd Herrick (Vice President & COO), Brett Norris (Vice President, Exploration) and Marilyn Vrooman-Robertson (Company Secretary) all persons discharging managerial responsibilities with the Corporation received Performance Share Units (“PSUs”) and Restricted Share Units (“RSUs”) as a result of the Company having declared a dividend.
PDMR
Number of RSUs granted
Price Granted ($Cdn)
Number of RSUs held following the transaction
% of Company's issued share capital held
Ross Clarkson
386
$4.90
41,919
RSUs are settled in cash and have no effect on share capital
Randy Neely
205
$4.90
22,272
Edward Ok
189
$4.90
20,487
Lloyd Herrick
306
$4.90
33,239
Brett Norris
138
$4.90
15,005
Marilyn Vrooman-Robertson
212
$4.90
23,054
PDMR
Number of PSUs granted
Price Granted ($Cdn)
Number of PSUs held following the transaction
% of Company's issued share capital held
Ross Clarkson
3,893
$4.90
422,863
PSUs are settled in cash and have no effect on share capital
Randy Neely
2,673
$4.90
290,398
Edward Ok
848
$4.90
92,109
Lloyd Herrick
3,088
$4.90
335,398
Brett Norris
1,419
$4.90
154,173
Marilyn Vrooman-Robertson
29
$4.90
3,105
The newly granted share units were granted in accordance with the Deferred Share Unit Plan, Performance Share Unit Plan and the Restricted 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. The DSUs will count towards the respective shareholdings requirements for directors as outlined in the Company’s compensation policy which voted on by shareholders annually.
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
a)
Name
Robert Jennings
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Deferred Share Units due to dividend
d)
Price(s) and volume(s)
Price
Volume
$4.90
1,523
e)
Aggregated information
- Aggregated volume
1,523 Deferred Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Fred Dyment
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Unit
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Deferred Share Units due to dividend
d)
Price(s) and volume(s)
Price
Volume
$4.90
1,018 Deferred Share units
e)
Aggregated information
- Aggregated volume
1,018 Deferred Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Susan MacKenzie
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Unit
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of deferred Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume1,098
e)
Aggregated information
- Aggregated volume
1,098 Deferred Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Robert MacDougall
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Unit
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of deferred Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 1,106
e)
Aggregated information
- Aggregated volume
1,106 Deferred Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
David Cook
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Unit
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of deferred Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 1,898
e)
Aggregated information
- Aggregated volume
1,898 Deferred Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Matt Brister
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Unit
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of deferred Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 488
e)
Aggregated information
- Aggregated volume
488 Deferred Share Units granted at $4.90per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Steven Sinclair
2
Reason for the notification
a)
Position / status
Independent Director
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Deferred Share Unit
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of deferred Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume488
e)
Aggregated information
- Aggregated volume
488 Deferred Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Ross Clarkson
2
Reason for the notification
a)
Position / status
Chief Executive Officer
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Performance Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Performance Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 3,893
e)
Aggregated information
- Aggregated volume
3,893 Performance Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Ross Clarkson
2
Reason for the notification
a)
Position / status
Chief Executive Officer
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Restricted Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Restricted Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 386
e)
Aggregated information
- Aggregated volume
386 Restricted Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Randy Neely
2
Reason for the notification
a)
Position / status
President
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Performance Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Performance Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume2,673
e)
Aggregated information
- Aggregated volume
2,673 Performance Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Randy Neely
2
Reason for the notification
a)
Position / status
President
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Restricted Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Restricted Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume205
e)
Aggregated information
- Aggregated volume
205 Restricted Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Edward Ok
2
Reason for the notification
a)
Position / status
Vice President Finance & CFO
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Performance Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Performance Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 848
e)
Aggregated information
- Aggregated volume
848 Performance Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Edward Ok
2
Reason for the notification
a)
Position / status
Vice President Finance & CFO
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Restricted Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Restricted Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 189
e)
Aggregated information
- Aggregated volume
189 Restricted Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Lloyd Herrick
2
Reason for the notification
a)
Position / status
Vice President & COO
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Performance Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Performance Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 3,088
e)
Aggregated information
- Aggregated volume
3,088 Performance Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Lloyd Herrick
2
Reason for the notification
a)
Position / status
Vice President & COO
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Restricted Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Restricted Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 306
e)
Aggregated information
- Aggregated volume
306 Restricted Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Brett Norris
2
Reason for the notification
a)
Position / status
Vice President Exploration
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Performance Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Performance Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume1,419
e)
Aggregated information
- Aggregated volume
1,419 Performance Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Brett Norris
2
Reason for the notification
a)
Position / status
Vice President Exploration
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Restricted Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Restricted Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume138
e)
Aggregated information
- Aggregated volume
138 Restricted Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Marilyn Vrooman-Robertson
2
Reason for the notification
a)
Position / status
Company Secretary
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Performance Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Performance Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume 29
e)
Aggregated information
- Aggregated volume
29 Performance Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
1
Details of PDMR
a)
Name
Marilyn Vrooman-Robertson
2
Reason for the notification
a)
Position / status
Company Secretary
b)
Initial notification / amendment
Initial Notification
3
Details of the issuer
a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)
a)
Description of the financial instrument
Restricted Share Units
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Grant of Restricted Share Units
d)
Price(s) and volume(s)
Price $4.90
Volume212
e)
Aggregated information
- Aggregated volume
212 Restricted Share Units granted at $4.90 per share
- Aggregated price
f)
Date of the transaction
September 14, 2018
g)
Place of the transaction
Calgary, Canada
About TransGlobe
TransGlobe Energy Corporation is a Calgary-based, growth-oriented 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: 403.264.9888 Email: investor.relations@trans-globe.com Web site: http://www.trans-globe.com
TransGlobe Energy
Via FTI Consulting
Ross Clarkson, Chief Executive Officer Randy Neely, President Eddie Ok, Chief Financial Officer
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