TIDMTGL

RNS Number : 6279I

TransGlobe Energy Corporation

15 December 2020

TRANSGLOBE ENERGY CORPORATION ANNOUNCES DIRECTOR/PDMR

SHAREHOLDINGS

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

Calgary, Alberta, December 15, 2020 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces that it was notified on December 11, 2020 that Randy Neely 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 11, 
 Randy Neely           2020              50,000      CAD $1.23      250,000           0.34% 
-------------  --------------------  --------------  ---------  ----------------  --------------

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

 
 1 
  1      Details of PDMR 
   a)    Name                             Randy Neely 
 2       Reason for the notification 
                                          President & Chief Executive 
   a)    Position / status                 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 ($CAD) Volume 
                                          $1.23 50,000 
         Aggregated information 
   e)     - 
       Aggregated volume -                50,000 common shares 
       Aggregated price                   $1.23 CAD per share 
   f)    Date of the transaction          December 11, 2020 
   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:

 
 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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(END) Dow Jones Newswires

December 15, 2020 02:00 ET (07:00 GMT)

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