TGL Transglobe Energy Corporation

TIDMTGL

RNS Number : 1137X

TransGlobe Energy Corporation

30 December 2021

TRANSGLOBE ENERGY CORPORATION

EXERCISE OF STOCK OPTIONS - PDMR DEALINGS

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

Calgary, Alberta, December 30, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that on December 29, 2021 Mr. Ross Clarkson, Non-Executive Director, exercised 355,200 stock options under the Company's Stock Option Plan ("SOP").

 
      Name           Position      Status    SOP Options   Shares Retained   Shares 
                                              Exercised      in Own Name      Sold 
                  Non-Executive 
 Ross Clarkson       Director       PDMR       355,200         113,448        NIL 
                 ---------------  --------  ------------  ----------------  ------- 
 

The shares issued upon exercise were settled net of taxes payable. Following this transaction, Mr. Clarkson's total interest in TransGlobe shares is now as follows:

 
      Name        Shares Held   Shares from SOP      Resultant       % of Issued 
                                                   Total Interest    Share Capital 
 Ross Clarkson     1,850,493        113,448          1,963,941           2.7% 
                 ------------  ----------------  ----------------  --------------- 
 

Application will be made for 113,448 New Common Shares, which will rank pari passu with the existing Common Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur on January 6, 2022.

Following Admission, the total number of voting rights in the Company will be 72,774,830 Common Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

This notification is made under article 19.1 of the Market Abuse Regulation ("MAR") and relates to options exercises by Persons Discharging Managerial Responsibilities ("PDMR") on December 29, 2021 under the Company's SOP.

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 
 Tailwind Associates (Investor Relations)                        +1 403 618 8035 
  Darren Engels                                     darren@tailwindassociates.ca 
                                                http://www.tailwindassociates.ca 
 Canaccord Genuity (Nomad & Joint-Broker) 
  Henry Fitzgerald-O'Connor 
  James Asensio                                              +44(0) 20 7523 8000 
 Shore Capital (Joint Broker) 
  Toby Gibbs                                                 +44(0) 20 7408 4090 
 
 
 1       Details of PDMR 
   a)    Name                             Ross Clarkson 
 2       Reason for the notification 
   a)    Position / status                Non-Executive Director 
         Initial notification 
   b)     / amendment                     Initial notification 
 3       Details of the issuer 
   a)    Name                             TransGlobe Energy Corporation 
   b)    Legal Entity Identifier          549300QMNS6BDY8UUB03 
 4       Details of the transaction(s) 
         Description of the financial 
   a)     instrument                      New Common Shares 
         Identification code              ISIN for TransGlobe Energy Corporation 
   b)                                      Ordinary Shares: CA8936621066 
   c)    Nature of the transaction        Acquisition of Shares 
   d)    Price(s) and volume(s)           Price ($CDN) Volume 
                                           $3.83 113,448 
 
         Aggregated information 
   e)     - 
       Aggregated volume -                113,448 New Common Shares 
       Aggregated price                   $3.83 CDN per New Common Share 
   f)    Date of the transaction          December 29, 2021 
   g)    Place of the transaction         Outside a Trading Venue 
 

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December 31, 2021 01:59 ET (06:59 GMT)

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