TransGlobe Energy Corporation Announces Director/PDMR Shareholdings

AIM & TSX:  “TGL” & NASDAQ:  “TGA”

CALGARY, Alberta, May 15, 2020 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that on May 14, 2020 Stock Options previously granted to Ross Clarkson and Randy Neely on May 14, 2015 have expired.

 PositionTypeQuantity Previous AwardedQuantity ExpiredExercise Price of Grant ($Cdn)Number Held Following Expiration
Ross ClarksonNon-Independent DirectorStock Option1,374,577306,000$4.991,068,577
Randy NeelyPresident and Chief Executive OfficerStock Option1,100,588162,000$4.99938,588

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

  1. Details of PDMR
    a)  Name
Ross ClarksonRandy Neely
  1. Reason for the notification
    a)  Position / status
DirectorPresident and Chief Executive Officer
   b)  Initial notification / amendmentInitial notificationInitial notification
  1. Details of the issuer
    a)  Name
TransGlobe Energy CorporationTransGlobe Energy Corporation
   b)  Legal Entity Identifier549300QMNS6BDY8UUB03549300QMNS6BDY8UUB03
  1. Details of transaction
    a)  Description of financial instrument
Stock OptionStock Option
   b)  Identification codeISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066ISIN for TransGlobe Energy Corporation Ordinary Shares: CA8936621066
   c)  Nature of the transactionExpiry of Stock OptionExpiry of Stock Option
   d)  Price(s) and volume(s)Exercise Price: Cdn $4.99
Volume: 306,000
Exercise Price: Cdn $4.99
Volume: 162,000
          e)  Aggregated information:
               i)  Price
               ii)  Volume

Exercise Price: $4.99 Cdn per Stock Option
Volume: 306,000 Stock Options
Exercise Price: $4.99 Cdn per Stock Option
Volume: 162,000 Stock Options
   f)  Date of the transactionMay 14, 2020May 14, 2020
   g)  Place of TransactionOutside a trading venueOutside a trading venue

About TransGlobe
TransGlobe 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. 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:

  
TransGlobe Energy Via FTI Consulting
Randy Neely, President and Chief Executive Officer  
Eddie Ok, Chief Financial Officer 
   
Canaccord Genuity  (Nomad & Sole Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor  
James Asensio  
   
FTI Consulting  (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton transglobeenergy@fticonsulting.com
Genevieve Ryan 
  
Tailwind Associates  (Investor Relations)  
Darren Engels darren@tailwindassociates.ca
http://www.tailwindassociates.ca
+1 403.618.8035

investor.relations@trans-globe.com
http://www.trans-globe.com
+1 403.264.9888

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