TransGlobe Energy Corporation Announces PDMR Shareholding
CALGARY, June 25, 2019 - TransGlobe Energy Corp. (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces that it was notified on June 21, 2019 that on the same day Randy Neely, President and CEO and Edward Ok, Vice President and Chief Financial Officer acquired common shares as follows:
| PDMR | Date of Acquisition | Number of Common Shares Acquired | Price | Number of Common Shares held following the transaction | % of Company's issued share capital held |
| Randy Neely | June 21, 2019 | 25,000 | Cdn $1.89 | 175,300 | 0.242 |
| Edward Ok | June 21, 2019 | 20,000 | US $1.44 | 45,615 | 0.063 |
Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014
| 1 | Details of PDMR | |
| a) | Name | Randy Neely |
| 2 | Reason for the notification | |
| a) | Position / status | President and CEO |
| b) | Initial notification / amendment | Initial notification |
| 3 | Details of the issuer | |
| a) | Name | TransGlobe Energy Corp. |
| b) | Legal Entity Identifier | 549300QMNS6BDY8UUB03 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument | Common Shares |
| b) | Identification code | ISIN for TransGlobe Energy Corp. Ordinary Shares: CA8936621066 |
| c) | Nature of the transaction | Acquisition of Shares |
| d) | Price(s) and volume(s) | Price ($Cdn) Volume |
| 1.890 25,000 | ||
| e) | Aggregated information - | |
| Aggregated volume - | 25,000 common shares | |
| Aggregated price | $1.890 Cdn per share | |
| f) | Date of the transaction | June 21, 2019 |
| g) | Place of the transaction | Toronto Stock Exchange |
| 1 | Details of PDMR | |
| a) | Name | Edward Ok |
| 2 | Reason for the notification | |
| a) | Position / status | Vice President and Chief Financial Officer |
| b) | Initial notification / amendment | Initial notification |
| 3 | Details of the issuer | |
| a) | Name | TransGlobe Energy Corp. |
| b) | Legal Entity Identifier | 549300QMNS6BDY8UUB03 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument | Common Shares |
| b) | Identification code | ISIN for TransGlobe Energy Corp. Ordinary Shares: CA8936621066 |
| c) | Nature of the transaction | Acquisition of Shares |
| d) | Price(s) and volume(s) | Price ($US) Volume |
| 1.435 20,000 | ||
| e) | Aggregated information - | |
| Aggregated volume - | 20,000 common shares | |
| Aggregated price | $1.435 US per share | |
| f) | Date of the transaction | June 21, 2019 |
| g) | Place of the transaction | NASDAQ |
About TransGlobe
TransGlobe Energy Corp. 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 Corp. | 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) 20 7448 0200 |
| Jonathan Wright | |
| FTI Consulting (Financial PR) | +44 (0) 20 3727 1000 |
| Ben Brewerton | |
| Genevieve Ryan | transglobeenergy@fticonsulting.com |
PDF available: http://ml.globenewswire.com/Resource/Download/346f45ee-a5d9-4157-8174-197622b8c30e
