PDMR dealings

Vaalco Energy Inc

13 June 2023

 

13 June 2023

VAALCO Energy, Inc.

("VAALCO" or the "Company")

PDMR dealings  

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that, on 8 June 2023, restricted shares in the Company ("Restricted Shares") were issued to persons discharging managerial responsibility in the Company as listed below. For the awards to directors, the Restricted Shares will remain restricted until the earlier of (i) the first anniversary of the grant date or (ii) the first annual meeting of stockholders of the Company following the grant date. For non-directors, Restricted Shares will become unrestricted in equal proportions on the anniversary of the date of grant over the next three-year period, at a price per common stock of the Company ("Common Stock") of $4.19.

Name	Role	Nature of transaction	Number of shares of Common Stock	Price per share ($)
George Maxwell	Chief Executive Officer and Director	Award of Restricted Shares	98,449	$4.19
Ronald Bain	Chief Financial Officer	Award of Restricted Shares	35,800	$4.19
Thor Pruckl	Chief Operating Officer	Award of Restricted Shares	35,800	$4.19
Jason Doornik	Chief Accounting Officer and Controller	Award of Restricted Shares	11,198	$4.19
Matthew Powers	Executive Vice President and General Counsel	Award of Restricted Shares	20,883	$4.19
Andrew Fawthrop	Chairman of the Board	Award of Restricted Shares	20,286	$4.19
Edward LaFehr	Director	Award of Restricted Shares	20,286	$4.19
Fabrice Nze-Bekale	Director	Award of Restricted Shares	20,286	$4.19
Cathy Stubbs	Director	Award of Restricted Shares	20,286	$4.19

VAALCO also announces that on 8 June 2023, performance options ("Performance Options") were granted to persons discharging managerial responsibility in the Company as listed below. These will convert into Common Stock and will vest over a three year period starting on the grant date, subject to the performance conditions attached to each allocation or award being met. The Performance Options were issued at the grant price indicated below.

Name	Role	Nature of transaction	Number of shares of Common Stock	Price per share ($)
George Maxwell	Chief Executive Officer and Director	Award of Performance Options	163,043	$4.19
Ronald Bain	Chief Financial Officer	Award of Performance Options	59,289	$4.19
Thor Pruckl	Chief Operating Officer	Award of Performance Options	59,289	$4.19
Jason Doornik	Chief Accounting Officer and Controller	Award of Performance Options	18,545	$4.19
Matthew Powers	Executive Vice President and General Counsel	Award of Performance Options	34,585	$4.19

About VAALCO

VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, USA based, independent energy company with production, development and exploration assets in Africa and Canada.

Following its business combination with TransGlobe in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.

For Further Information

VAALCO Energy, Inc. (General and Investor Enquiries)	+00 1 713 623 0801
Website:	www.vaalco.com
Al Petrie Advisors (US Investor Relations)	+00 1 713 543 3422
Al Petrie / Chris Delange
Buchanan (UK Financial PR)	[phone]
Ben Romney / Jon Krinks	[e-mail]

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	George Maxwell
2.	Reason for the notification
a)	Position / status	Chief Executive Officer and Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 98,449 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Ronald Bain
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 35,800 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Thor Pruckl
2.	Reason for the notification
a)	Position / status	Chief Operating Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 35,800 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Jason Doornik
2.	Reason for the notification
a)	Position / status	Chief Accounting Officer and Controller
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 11,198 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Powers
2.	Reason for the notification
a)	Position / status	Executive Vice President and General Counsel
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 20,883 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Fawthrop
2.	Reason for the notification
a)	Position / status	Chairman of the Board
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 20,286 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Edward LaFehr
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 20,286 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Fabrice Nze-Bekale
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 20,286 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Cathy Stubbs
2.	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Restricted Shares
c)	Price(s) and volume(s)	Volume: 20,286 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	George Maxwell
2.	Reason for the notification
a)	Position / status	Chief Executive Officer and Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Performance Options
c)	Price(s) and volume(s)	Volume: 163,043 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Ronald Bain
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Performance Options
c)	Price(s) and volume(s)	Volume: 59,289 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Thor Pruckl
2.	Reason for the notification
a)	Position / status	Chief Operating Offcier
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Performance Options
c)	Price(s) and volume(s)	Volume: 59,289 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Jason Doornik
2.	Reason for the notification
a)	Position / status	Chief Accounting Officer and Controller
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Performance Options
c)	Price(s) and volume(s)	Volume: 18,545 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Powers
2.	Reason for the notification
a)	Position / status	Executive Vice President and General Counsel
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, UK emission allowance market participant, auction platform or auctioneer
a)	Name	VAALCO Energy, Inc.
b)	LEI	549300CFHFVIWB8M6T24
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Stock, par value $0.10 per share US91851C2017
b)	Nature of the transaction	Award of Performance Options
c)	Price(s) and volume(s)	Volume: 34,585 Price: US$4.19
d)	Aggregated information - Aggregated volume - Aggregated price	N/A
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	Outside a trading venue

 

END