PDMR Share Dealing

RNS Number : 2934D

Vaalco Energy Inc

02 March 2022

 

2 March 2022

PDMR Share Dealing

VAALCO Energy, Inc . ("VAALCO" or "Company") announces that on 28 February 2022, restricted shares in the Company ("Common Shares") vested for certain person(s) discharging managerial responsibility in the Company as listed below.

Name	Role	Nature of transaction	Number of Common Shares
David DesAutels	EVP, Corp. Dev.	Vesting of Common Shares	5,534

This vesting triggered immediate tax liabilities that were satisfied by the disposal of the number of Common Shares as listed below.

Name	Role	Nature of transaction	Number of Common Shares	Price per share ($)
David DesAutels	EVP, Corp. Dev.	Disposal of Common Shares	1,641	5.64

About VAALCO

VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

The Company is an established operator within the region, holding a 63.6% participating interest in the Etame Marin block, located offshore Gabon, which to date has produced over 125 million barrels of crude oil and of which the Company is the operator.

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 / J on Krinks   /  James Husband	[e-mail]

Notification of dealings in shares by PDMRs of the Company:

1.	Details of PDMR / PDMR Associate
(a)	Name	David DesAutels
(b)	Position / status	Executive Vice President, Corporate Development
(c)	Initial notification / amendment	Initial Notification
2.	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
(d)	Description of the financial instrument	Common Shares in VAALCO Energy, Inc.
(e)	Nature of the transaction	Vesting of Common Shares
(f)	Price(s) and volume(s)	Vesting Price per Common Share: $5.64 Volume: 5,534
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	28 February 2022
(i)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	David DesAutels
(b)	Position / status	Executive Vice President, Corporate Development
(c)	Initial notification / amendment	Initial Notification
2.	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
(d)	Description of the financial instrument	Disposal of Common Shares to satisfy tax withholding obligations upon vesting of 5,534 Common Shares
(e)	Nature of the transaction	Disposal of Common Shares
(f)	Price(s) and volume(s)	Price: $5.64 Volume: 1,641
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	28 February 2022
(i)	Place of the transaction	USA

 

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