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 | Volume 1,098 |
| 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 | Volume 488 |
| 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 | Volume 2,673 |
| 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 | Volume 205 |
| 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 | Volume 1,419 |
| 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 | Volume 138 |
| 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 | Volume 212 |
| 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 | www.trans-globe.com |
| 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 Emerson Clarke Genevieve Ryan | transglobeenergy@fticonsulting.com |