Vaalco Energy Inc Transaction in Own Shares (2190A)

TIDMEGY

RNS Number : 2190A

Vaalco Energy Inc

19 January 2024

VAALCO Energy, Inc.

("VAALCO" or the "Company")

Transaction in own shares

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, further to its announcements on November 1, 2022 and November 18, 2022 of the implementation of its share buyback program (the "Program"), the following transactions were made under the Program during the period January 10, 2024 to January 17, 2024.

 
 Transaction date    Daily total volume   Daily weighted     Platform 
                      (in number of        average price 
                      shares of common     of common stock 
                      stock)               acquired 
 January 10, 2024    49,378               4.3710             XNYS 
                    ===================  =================  ========= 
 January 11, 2024    49,358               4.3711             XNYS 
                    ===================  =================  ========= 
 January 12, 2024    50,000               4.4404             XNYS 
                    ===================  =================  ========= 
 January 16, 2024    10,000               4.3215             XNYS 
                    ===================  =================  ========= 
 January 17, 2024    10,000               4.2203             XNYS 
                    ===================  =================  =========

All transactions under the Program were made under ISIN US91851C2017 and effected by Roth Capital Partners LLC on behalf of the Company. A full breakdown of the individual trades is attached to this announcement, and can be viewed by clicking http://www.rns-pdf.londonstockexchange.com/rns/2190A_1-2024-1-18.pdf for the trades made on January 10, 2024, http://www.rns-pdf.londonstockexchange.com/rns/2190A_2-2024-1-18.pdf for the trades made on January 11, 2024, http://www.rns-pdf.londonstockexchange.com/rns/2190A_3-2024-1-18.pdf for the trades made on January 12, 2024, http://www.rns-pdf.londonstockexchange.com/rns/2190A_4-2024-1-18.pdf for the trades made on January 16, 2024 and http://www.rns-pdf.londonstockexchange.com/rns/2190A_5-2024-1-18.pdf for the trades made on January 17 2024. The purpose of the Program is to reduce the share capital of the Company.

Following the transactions referred to above, VAALCO has total issued share capital of 122,503,157 common shares, of which 17,479,871 common shares are held in treasury and 1,084,671 common shares are unvested common shares, which are subject to forfeiture. Therefore, the total voting rights in the Company following the transactions referred to above are 105,023,286.

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, USA based, independent energy company with production, development and exploration assets in Africa and Canada.

Following its business combination with TransGlobe in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.

For Further Information

 
 VAALCO Energy, Inc. (General and Investor 
  Enquiries)                                   +00 1 713 623 0801 
 Website:                                      www.vaalco.com 
 
 Al Petrie Advisors (US Investor Relations)    +00 1 713 543 3422 
 Al Petrie / Chris Delange 
 
 Buchanan (UK Financial PR)                    +44 (0) 20 7466 5000 
 Ben Romney / George Pope                      VAALCO@buchanan.uk.com

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END

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January 19, 2024 02:00 ET (07:00 GMT)

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