Transglobe vote delayed , not enough YES votes
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Posted On: 09/29/2022 7:22:19 AM
Transglobe vote delayed , not enough YES votes
TransGlobe Energy Announces Postponement of the Special Meeting to October 7, 2022
T.TGL, EGY | 5 hours ago
The TransGlobe Board believes it is in the best interests of the Company to postpone the Special Meeting to allow shareholders more time to evaluate the Transaction and cast their votes
A material number of votes on the Arrangement Resolution have been received after the proxy voting deadline
Current voting results show only approximately 50% of the issued and outstanding TransGlobe Shares had been voted as of the proxy voting deadline
Several large shareholders who were previously opposed or undecided have very recently changed their views and are now supportive of the Transaction
The new deadline to vote by proxy is 9:00 a.m. MT on October 5, 2022.
The TransGlobe Board continues to unanimously recommend that shareholders vote FOR the Transaction. This recommendation and the merits of the Transaction have been further validated by VAALCO's recent operational updates on September 26, 2022 and September 27, 2022, highlighting the strong momentum in VAALCO's business.
ISS has reiterated its support for the Transaction and Glass Lewis has recommended that shareholders vote FOR the Transaction. With both of these recommendations being issued close to the previously scheduled Special Meeting on September 29, 2022, postponing the Special Meeting will provide shareholders additional time to consider the independent recommendations of ISS and Glass Lewis.
TransGlobe Shareholders who have questions about the Arrangement or need assistance with voting their TransGlobe Shares should contact TransGlobe's proxy solicitation agent, D.F. King & Co., Inc., by phone toll-free at (888) 540-8736 (banks and brokers only at +1 (212) 269-5550) or by email at tga@dfking.com.
VOTE NO AND HELL NO ON THIS MERGER FROM HELL
JMHO
TransGlobe Energy Announces Postponement of the Special Meeting to October 7, 2022
T.TGL, EGY | 5 hours ago
The TransGlobe Board believes it is in the best interests of the Company to postpone the Special Meeting to allow shareholders more time to evaluate the Transaction and cast their votes
A material number of votes on the Arrangement Resolution have been received after the proxy voting deadline
Current voting results show only approximately 50% of the issued and outstanding TransGlobe Shares had been voted as of the proxy voting deadline
Several large shareholders who were previously opposed or undecided have very recently changed their views and are now supportive of the Transaction
The new deadline to vote by proxy is 9:00 a.m. MT on October 5, 2022.
The TransGlobe Board continues to unanimously recommend that shareholders vote FOR the Transaction. This recommendation and the merits of the Transaction have been further validated by VAALCO's recent operational updates on September 26, 2022 and September 27, 2022, highlighting the strong momentum in VAALCO's business.
ISS has reiterated its support for the Transaction and Glass Lewis has recommended that shareholders vote FOR the Transaction. With both of these recommendations being issued close to the previously scheduled Special Meeting on September 29, 2022, postponing the Special Meeting will provide shareholders additional time to consider the independent recommendations of ISS and Glass Lewis.
TransGlobe Shareholders who have questions about the Arrangement or need assistance with voting their TransGlobe Shares should contact TransGlobe's proxy solicitation agent, D.F. King & Co., Inc., by phone toll-free at (888) 540-8736 (banks and brokers only at +1 (212) 269-5550) or by email at tga@dfking.com.
VOTE NO AND HELL NO ON THIS MERGER FROM HELL
JMHO
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