PDMR Share Dealing

RNS Number : 9553E

Vaalco Energy Inc

16 March 2022

 

16 March 2022

PDMR Share Dealing

VAALCO Energy, Inc. ("VAALCO" or "Company") announces the exercise of options awards in the Company on 11 March 2022 by Andrew Fawthrop , a person discharging managerial responsibility in the Company, in the number set out below, which was satisfied for the amount of cash set out below (such amount being net of the grant price and taxes ).

Name	Role at time of exercise	Nature of transaction	Number of shares over which options exercised	Exercise price per share ($)	Number of shares received after withholding of shares to cover taxes and costs
Andrew Fawthrop	Chairman	Exercise of options	93,190	6.41	78,797

This exercise of options triggered immediate tax liabilities and other costs that were satisfied by the disposal of the number of common shares in the Company ("Common Shares") listed below.

Name	Role at time of exercise	Nature of transaction	Number of Common Shares	Disposal Price per share ($)
Andrew Fawthrop	Chairman	Disposal of Common Shares	14,393	6.41

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 PDMR's of the Company:

1.	Details of PDMR / PDMR Associate
(a)	Name	Andrew Fawthrop
(b)	Position / status	Chairman
(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
(a)	Description of the financial instrument	Options over Common Shares ("Options")
(b)	Nature of the transaction	Exercise of Options
(c)	Price(s) and volume(s)	Exercise of Options (before taxes and other costs): Price: US $6.41 Volume: 93,190 Number of Common Shares received after withholding of shares to cover taxes and costs: 78,797
(d)	Aggregated information Aggregated volume Price	n/a
(e)	Date of the transaction	11 March 2022
(f)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Andrew Fawthrop
(b)	Position / status	Chairman
(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
(a)	Description of the financial instrument	Common Shares
(b)	Nature of the transaction	Disposal of Common Shares to satisfy tax withholding obligations  and other costs upon exercise of Options
(c)	Price(s) and volume(s)	Price: US $6.41 Volume: 14,393 Total: US $92,258.10
(d)	Aggregated information Aggregated volume Price	n/a
(e)	Date of the transaction	11 March 2022
(f)	Place of the transaction	USA

 

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