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TransGlobe Energy Corporation

Exchange: TSX Exchange | May 23, 2019, 5:49 PM EDT

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TransGlobe Energy Corporation Exercise of Share Plan Options and Director PDMR Dealings

CALGARY, Alberta, March 29, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces that on March 27, 2019 Mr. Randy Neely, President and Chief Executive Officer, exercised 50,000 New Common Shares of no-par value (“New Common Shares”) under the Company’s Stock Option Plan.

NamePositionStatusSOP Options ExercisedShares Retained in Own NameShares Sold
Randy NeelyPresident and Chief Executive OfficerPDMR50,00050,000NIL

Following this transaction, Mr. Neely’s total interest in TransGlobe shares is now as follows:

NameShares HeldInterest in Shares From Option PlanResultant Total Interest% of Issued Share Capital
Randy Neely103,00050,000153,0000.2%


1Details of PDMR
a)NameRandy Neely
2Reason for the notification 
a)Position / statusPresident and Chief 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 instrumentNew Common Shares
b)Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)Nature of the transactionAcquisition of Shares
d)Price(s) and volume(s)Price ($CDN)Volume
  $2.1950,000
e)Aggregated information - 
 Aggregated volume -50,000 New Common Shares
 Aggregated price$2.19 CDN per New Common Share
f)Date of the transactionMarch 27, 2019
g)Place of the transactionOutside a Trading Venue

Application has been made for 50,000 New Common Shares, which will rank pari passu with the existing Common Shares, to be admitted to trading on AIM (“Admission”). Admission is expected to occur on April 3, 2019.

Following Admission, the total number of voting rights in the Company will be 72,542,071 Common Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

This notification is made under article 19.1 of the Market Abuse Regulation ("MAR") and relates to exercising of nil-cost options to Persons Discharging Managerial Responsibilities ("PDMR") on March 27, 2019 under the Company’s Stock Option Plan (“SOP”) and to PDMRs buying shares. This announcement is made in accordance with Article 19.3 of MAR.

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: +1 403.264.9888
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, Chief Financial Officer 
   
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  
Genevieve Ryan transglobeenergy@fticonsulting.com

PDF available: http://ml.globenewswire.com/Resource/Download/83e6f992-a413-4c00-a9b8-7033fa1ad0aa

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