CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on September 14th, 2018 that on the same day Robert G. Jennings, Fred Dyment, Susan MacKenzie, Robert MacDougall, David Cook, Matt Brister and Steven Sinclair, all Independent Directors received Deferred Share Units (“DSUs”) relating to the payment of the dividend as follows:  

DirectorNumber of DSUs
granted
Price
Granted
($Cdn)
Number of DSUs
held following the
transaction
% of Company's
issued share
capital held
Robert Jennings1,523$4.90165,434DSUs are settled
in cash and have
no effect on
share capital
Fred Dyment1,018$4.90110,576
Susan MacKenzie1,098$4.90119,269
David Cook1,898$4.90206,176
Robert MacDougall1,106$4.90120,147
Matt Brister488$4.9053,047
Steven Sinclair488$4.9053,047

As well the Company announces that it was notified on 14 September 2018 that on the same day Ross Clarkson (CEO), Randy Neely (President), Edward Ok (Vice President Finance & CFO), Lloyd Herrick (Vice President & COO), Brett Norris (Vice President, Exploration) and Marilyn Vrooman-Robertson (Company Secretary) all persons discharging managerial responsibilities with the Corporation received Performance Share Units (“PSUs”) and Restricted Share Units (“RSUs”) as a result of the Company having declared a dividend. 

PDMRNumber of
RSUs granted
Price
Granted
($Cdn)
Number of RSUs
held following the
transaction
% of Company's
issued share
capital held
Ross Clarkson386$4.9041,919RSUs are settled
in cash and have
no effect on
share capital
Randy Neely205$4.9022,272
Edward Ok189$4.9020,487
Lloyd Herrick306$4.9033,239
Brett Norris138$4.9015,005
Marilyn Vrooman-Robertson212$4.9023,054


PDMRNumber of
PSUs granted
Price
Granted
($Cdn)
Number of PSUs
held following the
transaction
% of Company's
issued share
capital held
Ross Clarkson3,893$4.90422,863PSUs are settled
in cash and have
no effect on
share capital
Randy Neely2,673$4.90290,398
Edward Ok848$4.9092,109
Lloyd Herrick3,088$4.90335,398
Brett Norris1,419$4.90154,173
Marilyn Vrooman-Robertson29$4.903,105

The newly granted share units were granted in accordance with the Deferred Share Unit Plan, Performance Share Unit Plan and the Restricted Share Unit Plan of the Company.  No shares will be issued upon exercise or vesting of any of the share units as the instruments are settled in cash.  The DSUs will count towards the respective shareholdings requirements for directors as outlined in the Company’s compensation policy which voted on by shareholders annually. 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014

1Details of PDMR
a)NameRobert Jennings
2Reason for the notification
a)Position / statusIndependent Director 
b)Initial notification / amendmentInitial notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Deferred Share Units due to dividend 
d)Price(s) and volume(s)PriceVolume 
$4.901,523 
 
e)Aggregated information 
- Aggregated volume1,523 Deferred Share Units granted at $4.90 per share
- Aggregated price 
f)Date of the transactionSeptember 14, 2018 
g)Place of the transactionCalgary, Canada


1Details of PDMR
a)NameFred Dyment
2Reason for the notification
a)Position / statusIndependent Director
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Unit
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Deferred Share Units due to dividend
d)Price(s) and volume(s)PriceVolume
$4.901,018 Deferred Share units
 
e)Aggregated information   
- Aggregated volume1,018 Deferred Share Units granted at $4.90 per share
- Aggregated price   
f)Date of the transactionSeptember 14, 2018 
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameSusan MacKenzie
2Reason for the notification
a)Position / statusIndependent Director
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Unit
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of deferred Share Units
d)Price(s) and volume(s)Price $4.90Volume  1,098
  
e)Aggregated information  
- Aggregated volume1,098 Deferred Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada
  


1Details of PDMR
a)NameRobert MacDougall
2Reason for the notification
a)Position / statusIndependent Director
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Unit
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of deferred Share Units
d)Price(s) and volume(s)Price $4.90Volume 1,106
  
e)Aggregated information  
- Aggregated volume1,106 Deferred Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameDavid Cook
2Reason for the notification
a)Position / statusIndependent Director
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Unit
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of deferred Share Units
d)Price(s) and volume(s)Price $4.90Volume 1,898
  
e)Aggregated information  
- Aggregated volume1,898 Deferred Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018 
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameMatt Brister
2Reason for the notification
a)Position / statusIndependent Director
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Unit
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of deferred Share Units
d)Price(s) and volume(s)Price $4.90Volume 488
  
e)Aggregated information  
- Aggregated volume488 Deferred Share Units granted at $4.90per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameSteven Sinclair 
2Reason for the notification
a)Position / statusIndependent Director
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentDeferred Share Unit
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of deferred Share Units
d)Price(s) and volume(s)Price $4.90Volume  488
  
e)Aggregated information  
- Aggregated volume488 Deferred Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameRoss Clarkson
2Reason for the notification
a)Position / statusChief Executive Officer
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentPerformance Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Performance Share Units
d)Price(s) and volume(s)Price $4.90Volume 3,893
  
e)Aggregated information  
- Aggregated volume3,893 Performance Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameRoss Clarkson
2Reason for the notification
a)Position / statusChief Executive Officer
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentRestricted Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Restricted Share Units
d)Price(s) and volume(s)Price $4.90Volume 386
  
e)Aggregated information  
- Aggregated volume386 Restricted Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameRandy Neely
2Reason for the notification
a)Position / statusPresident
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentPerformance Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Performance Share Units
d)Price(s) and volume(s)Price $4.90Volume  2,673
  
e)Aggregated information  
- Aggregated volume2,673 Performance Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameRandy Neely
2Reason for the notification
a)Position / statusPresident
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentRestricted Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Restricted Share Units
d)Price(s) and volume(s)Price $4.90Volume  205
  
e)Aggregated information  
- Aggregated volume205 Restricted Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameEdward Ok
2Reason for the notification
a)Position / statusVice President Finance & CFO
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentPerformance Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Performance Share Units
d)Price(s) and volume(s)Price $4.90Volume 848
  
e)Aggregated information  
- Aggregated volume848 Performance Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameEdward Ok
2Reason for the notification
a)Position / statusVice President Finance & CFO
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentRestricted Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Restricted Share Units
d)Price(s) and volume(s)Price $4.90Volume 189
  
e)Aggregated information  
- Aggregated volume189 Restricted Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameLloyd Herrick
2Reason for the notification
a)Position / statusVice President & COO
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentPerformance Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Performance Share Units
d)Price(s) and volume(s)Price $4.90Volume 3,088
  
e)Aggregated information  
- Aggregated volume3,088 Performance Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameLloyd Herrick
2Reason for the notification
a)Position / statusVice President & COO
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentRestricted Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Restricted Share Units
d)Price(s) and volume(s)Price $4.90Volume 306
  
e)Aggregated information  
- Aggregated volume306 Restricted Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

 

1Details of PDMR
a)NameBrett Norris
2Reason for the notification
a)Position / statusVice President Exploration
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentPerformance Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Performance Share Units
d)Price(s) and volume(s)Price $4.90Volume  1,419
  
e)Aggregated information  
- Aggregated volume1,419 Performance Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameBrett Norris
2Reason for the notification
a)Position / statusVice President Exploration
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentRestricted Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Restricted Share Units
d)Price(s) and volume(s)Price $4.90Volume  138
  
e)Aggregated information  
- Aggregated volume138 Restricted Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada


1Details of PDMR
a)NameMarilyn Vrooman-Robertson
2Reason for the notification
a)Position / statusCompany Secretary
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentPerformance Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Performance Share Units
d)Price(s) and volume(s)Price $4.90Volume 29
  
e)Aggregated information  
- Aggregated volume29 Performance Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

 

1Details of PDMR
a)NameMarilyn Vrooman-Robertson
2Reason for the notification
a)Position / statusCompany Secretary
b)Initial notification / amendmentInitial Notification
3Details of the issuer
a)NameTransGlobe Energy Corporation
b)Legal Entity Identifier549300QMNS6BDY8UUB03
4Details of the transaction(s)
a)Description of the financial instrumentRestricted Share Units
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionGrant of Restricted Share Units
d)Price(s) and volume(s)Price $4.90Volume  212
  
e)Aggregated information  
- Aggregated volume212 Restricted Share Units granted at $4.90 per share 
- Aggregated price  
f)Date of the transactionSeptember 14, 2018
g)Place of the transactionCalgary, Canada

About TransGlobe

TransGlobe Energy Corporation is a Calgary-based, growth-oriented 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: 403.264.9888
Email: investor.relations@trans-globe.com
Web site:  http://www.trans-globe.com

TransGlobe EnergyVia FTI Consulting
Ross Clarkson, Chief Executive Officer
Randy Neely, President
Eddie Ok, Chief Financial Officer
www.trans-globe.com

 
  
Canaccord Genuity  (Nomad & Joint Broker)+44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
 
  
GMP First Energy (Joint Broker)+44(0)207 448 0200
Jonathan Wright
 
  
FTI Consulting (Financial PR)+44 (0) 203 727 1000
Ben Brewerton
Emerson Clarke
Genevieve Ryan
transglobeenergy@fticonsulting.com