TIDMTGL

RNS Number : 9050X

TransGlobe Energy Corporation

24 December 2019

TRANSGLOBE ENERGY CORPORATION ANNOUNCES DIRECTOR/PDMR SHAREHOLDING

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

Calgary, Alberta, December 24, 2019 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that it was notified on December 20, 2019 that on the same day Edward LaFehr and Ross Clarkson acquired common shares as follows:

 
 PDMR             Date of Acquisition       Number of        Price  Number of Common    % of Company's 
                                        Common Shares                    Shares held      issued share 
                                             Acquired                  following the      capital held 
                                                                         transaction 
                     December 20, 
 Edward LaFehr           2019              5,000        Cdn $1.87        15,000           0.02% 
---------------  --------------------  --------------  -----------  ----------------  -------------- 
                     December 20, 
 Ross Clarkson           2019              2,000       Cdn $1.8615     1,846,493          2.55% 
---------------  --------------------  --------------  -----------  ----------------  --------------

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

 
 1       Details of PDMR 
   a)    Name                             Edward LaFehr 
 2       Reason for the notification 
   a)    Position / status                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                      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 
                                          $1.87 5,000 
         Aggregated information 
   e)     - 
       Aggregated volume -                5,000 common shares 
       Aggregated price                   $1.87 Cdn per share 
   f)    Date of the transaction          December 20, 2019 
   g)    Place of the transaction         TSX 
 
 
 1       Details of PDMR 
   a)    Name                             Ross Clarkson 
 2       Reason for the notification 
   a)    Position / status                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                      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 
                                          $1.853 1,000 
                                          $1.87 1,000 
         Aggregated information 
   e)     - 
       Aggregated volume -                2,000 common shares 
       Aggregated price                   $1.8615 Cdn per share 
   f)    Date of the transaction          December 20, 2019 
   g)    Place of the transaction         TSX

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: +1 403.444.4787 
  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, Vice President and 
  Chief Financial Officer 
 
 Canaccord Genuity (Nomad & Joint 
  Broker)                                                     +44 (0) 20 7523 8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
 FTI Consulting (Financial PR)                                +44 (0) 20 3727 1000 
 Ben Brewerton 
 Genevieve Ryan                                 transglobeenergy@fticonsulting.com

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END

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