Authorization

TransGlobe Energy Corporation Announces Director/PDMR Shareholdings

CALGARY, Alberta, March 22, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy CorporationA (AIM & TSX:A  a??TGLa?? & NASDAQ:A  a??TGAa??) (a??TransGlobea?? or the a??Companya??) announces that stock options (a??Optionsa??) were granted on March 20, 2019 to the President and Chief Executive Officer, the Vice President Finance and Chief Financial Officer, the Executive Vice President and the Vice President and Chief Operating Officer (collectively referred to as the a??PDMRsa??).A 
The Company has also granted Performance Share Units (a??PSUsa??) to the PDMRs in accordance with the Performance Share Unit Plan of the Company.A  No shares will be issued upon exercise or vesting of any of the share units as the instruments are settled in cash.

PDMR



Position



Type



Quantity Awarded



Exercise Price/Price of Grant ($Cdn)



Number Held Following Grant



Randy Neely



President and Chief Executive Officer



Option



270,674



$2.83



1,312,588



PSU



128,594



$2.81



418,991



Lloyd Herrick



Executive Vice President



Option



239,987



$2.83



1,573,526



PSU



114,015



$2.81



449,410



Edward Ok



Vice President Finance and Chief Financial Officer



Option



134,831



$2.83



265,266



PSU



64,057



$2.81



156,165



Geoffrey Probert



Vice President and Chief Operating Officer



Option



161,798



$2.83



161,798



PSU



76,868



$2.81



76,868

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(3) of Regulation (EU) No. 596/2014

1)



Details of PDMR



Randy Neely



Lloyd Herrick



Edward Ok



Geoffrey Probert







a)



Name



2)



Reason for the notification



President and Chief Executive Officer



Executive Vice President



Vice President Finance and Chief Financial Officer



Vice President and Chief Operating Officer







a)



Position / status







b)



Initial notification / amendment



Initial notification



Initial notification



Initial notification



Initial notification



3)



Details of the issuer



TransGlobe Energy Corporation



TransGlobe Energy Corporation



TransGlobe Energy Corporation



TransGlobe Energy Corporation







a)



Name







b)



Legal Entity Identifier



549300QMNS6BDY8UUB03



549300QMNS6BDY8UUB03



549300QMNS6BDY8UUB03



549300QMNS6BDY8UUB03



4)



Details of transaction



Options



Options



Options



Options







a)



Description of financial instrument







b)



Identification code



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066







c)



Nature of the transaction



Grant of Options



Grant of Options



Grant of Options



Grant of Options







d)



Price(s) and volume(s)



Price: Cdn $2.83
Volume: 270,674



Price: Cdn $2.83
Volume: 239,987



Price: Cdn $2.83
Volume: 134,831



Price: Cdn $2.83
Volume: 161,798







e)



Aggregated information:A 



Price: $2.83 Cdn per Option
Volume: 270,674 Options



Price: $2.83 Cdn per Option
Volume: 239,987 Options



Price: $2.83 Cdn per Option
Volume: 134,831 Options



Price: $2.83 Cdn per Option
Volume: 161,798 Options











i)



Price











ii)



Volume







f)



Date of the transaction



March 20, 2019



March 20, 2019



March 20, 2019



March 20, 2019







g)



Place of Transaction



Outside a trading venue



Outside a trading venue



Outside a trading venue



Outside a trading venue

Notification of a Transaction pursuant to Article 19(3) of Regulation (EU) No. 596/2014

1)



Details of PDMR




Randy Neely



Lloyd Herrick



Edward Ok



Geoffrey Probert







a)



Name




2)



Reason for the notification




President and Chief Executive Officer



Executive Vice President



Vice President Finance and Chief Financial Officer



Vice President and Chief Operating Officer







a)



Position / status








b)



Initial notification / amendment




Initial notification



Initial notification



Initial notification



Initial notification



3)



Details of the issuer




TransGlobe Energy Corporation



TransGlobe Energy Corporation



TransGlobe Energy Corporation



TransGlobe Energy Corporation







a)



Name








b)



Legal Entity Identifier




549300QMNS6BDY8UUB03



549300QMNS6BDY8UUB03



549300QMNS6BDY8UUB03



549300QMNS6BDY8UUB03



4)



Details of transaction




Performance Share Units



Performance Share Units



Performance Share Units



Performance Share Units







a)



Description of financial instrument







b)



Identification code




ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066



ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066







c)



Nature of the transaction




Grant of PSUs



Grant of PSUs



Grant of PSUs



Grant of PSUs







d)



Price(s) and volume(s)




Price: Cdn $2.81
Volume: 128,594



Price: Cdn $2.81
Volume: 114,015



Price: Cdn $2.81
Volume: 64,057



Price: Cdn $2.81
Volume: 76,868







e)



Aggregated information:A 



Price: $2.81 Cdn per PSU




Price: $2.81 Cdn per PSU




Price: $2.81 Cdn per PSU




Price: $2.81 Cdn per PSU












i)



Price











ii)



Volume



Volume: 128,594 PSUs



Volume: 114,015 PSUs



Volume: 64,057 PSUs



Volume: 76,868 PSUs







f)



Date of the transaction




March 20, 2019



March 20, 2019



March 20, 2019



March 20, 2019







g)



Place of Transaction




Outside a trading venue



Outside a trading venue



Outside a trading venue



Outside a trading venue

About TransGlobeTransGlobe 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. TransGlobea??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:A  https://www.trans-globe.com























TransGlobe Energy







Via FTI Consulting



Randy Neely, President and Chief Executive Officer











Eddie Ok, Chief Financial Officer



















Canaccord GenuityA  (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:A https://ml.globenewswire.com/Resource/Download/4751cfd7-3105-45d2-b531-d4edac4a3970
See also:
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