Authorization

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

CALGARY, Alberta, March 29, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (a??TransGlobea?? or the a??Companya??) (AIM & TSX: a??TGLa?? & NASDAQ: a??TGAa??) announces that on March 27, 2019 Mr. Randy Neely, President and Chief Executive Officer, exercised 50,000 New Common Shares of no-par value (a??New Common Sharesa??) under the Companya??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. Neelya??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 (a??Admissiona??). 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 Companya??s Stock Option Plan (a??SOPa??) and to PDMRs buying shares. This announcement is made in accordance with Article 19.3 of MAR.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 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:A https://ml.globenewswire.com/Resource/Download/83e6f992-a413-4c00-a9b8-7033fa1ad0aa
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