TIDMTGL

RNS Number : 0066I

TransGlobe Energy Corporation

09 December 2020

TRANSGLOBE ENERGY CORPORATION ANNOUNCES DIRECTOR/PDMR

SHAREHOLDINGS

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

Calgary, Alberta, December 9, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that it was notified on December 4, 2020 that 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 4, 
 Ross Clarkson           2020              4,000       CAD $0.919     1,850,493          2.55% 
---------------  --------------------  --------------  ----------  ----------------  -------------- 
 

The Company also announces that it was notified on December 8, 2020 that on December 4, 7 and 8, 2020 Geoff Probert 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 4, 
 Geoff Probert           2020              62,100      US $0.691       62,100            0.1% 
---------------  --------------------  --------------  ---------  ----------------  -------------- 
             December 7, 
                 2020                       500        US $0.86        62,600 
 ------------------------------------  --------------  ---------  ----------------  -------------- 
             December 8, 
                 2020                      15,000      US $0.846       77,600 
 ------------------------------------  --------------  ---------  ----------------  -------------- 
 

The Company also announces that it was notified on December 8, 2020 that Eddie Ok 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 8, 
 Eddie Ok           2020              50,000      US $0.84       95,615           0.13% 
----------  --------------------  --------------  --------  ----------------  -------------- 
 

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

 
 
   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 ($CAD) Volume 
                                          $0.92 3,500 
                                          $0.915 500 
         Aggregated information 
   e)     - 
       Aggregated volume -                4,000 common shares 
       Aggregated price                   $0.919 CAD per share 
   f)    Date of the transaction          December 4, 2020 
   g)    Place of the transaction         TSX 
 
 
 1       Details of PDMR 
   a)    Name                             Geoff Probert 
 2       Reason for the notification 
   a)    Position / status                Chief Operating Officer 
         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 ($US) Volume 
  December 4, 2020                        $0.701 20,000 
  December 4, 2020                        $0.664 2,100 
  December 4, 2020                        $0.694 20,000 
  December 4, 2020                        $0.681 20,000 
  December 7, 2020                        $0.86 500 
  December 8, 2020                        $0.851 5,000 
  December 8, 2020                        $0.844 10,000 
         Aggregated information 
   e)     - 
       Aggregated volume -                77,600 common shares 
       Aggregated price                   $0.722 US per share 
   f)    Date of the transaction          December 4, 7 and 8, 2020 
   g)    Place of the transaction         NASDAQ 
 
 
 1 
  1      Details of PDMR 
   a)    Name                             Eddie Ok 
 2       Reason for the notification 
   a)    Position / status                Chief Financial Officer 
         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 ($US) Volume 
                                          $0.84 50,000 
         Aggregated information 
   e)     - 
       Aggregated volume -                50,000 common shares 
       Aggregated price                   $0.84 US per share 
   f)    Date of the transaction          December 8, 2020 
   g)    Place of the transaction         NASDAQ 
 

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:

 
 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 
                                                                               or 
                                                                   FTI Consulting 
 Tailwinds Associates (Investor Relations)                        +1 403 618 8035 
  Darren Engels                                      darren@tailwindassociates.ca 
                                                 http://www.tailwindassociates.ca 
 FTI Consulting (Financial PR)                                +44(0) 20 3727 1000 
  Ben Brewerton                                transglobeenergy@fticonsulting.com 
  Genevieve Ryan 
 Canaccord Genuity (Nomad & Joint-Broker) 
  Henry Fitzgerald-O'Connor 
  James Asensio                                               +44(0) 20 7523 8000 
 Shore Capital (Joint Broker) 
  Jerry Keen 
  Toby Gibbs                                                   +44(0) 20 7408 409 
 

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END

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December 09, 2020 02:00 ET (07:00 GMT)

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