insider , 50,000 exercised TransGlobe Energy Co

insider , 50,000 exercised

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.
Name
Position
Status
SOP Options Exercised
Shares Retained in Own Name
Shares Sold
Randy Neely
President and Chief Executive Officer
PDMR
50,000
50,000
NIL
Following this transaction, Mr. Neely’s total interest in TransGlobe shares is now as follows:
Name
Shares Held
Interest in Shares From Option Plan
Resultant Total Interest
% of Issued Share Capital
Randy Neely
103,000
50,000
153,000
0.2%

1
Details of PDMR
a)
Name
Randy Neely
2
Reason for the notification

a)
Position / status
President and Chief Executive Officer
b)
Initial notification / amendment
Initial notification
3
Details of the issuer

a)
Name
TransGlobe Energy Corporation
b)
Legal Entity Identifier
549300QMNS6BDY8UUB03
4
Details of the transaction(s)

a)
Description of the financial instrument
New Common Shares
b)
Identification code
ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
c)
Nature of the transaction
Acquisition of Shares
d)
Price(s) and volume(s)
Price ($CDN)
Volume


$2.19
50,000
e)
Aggregated information -


Aggregated volume -
50,000 New Common Shares

Aggregated price
$2.19 CDN per New Common Share
f)
Date of the transaction
March 27, 2019
g)
Place of the transaction
Outside 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.
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