PDMR Share Dealing

RNS Number : 8744E

Vaalco Energy Inc

03 March 2020

 

03 March 2020

PDMR Share Dealing

VAALCO Energy, Inc . ("VAALCO" or "Company") announces that on 28 February 2020, restricted shares in the Company ("Common Shares") vested for certain persons discharging managerial responsibility in the Company as listed below.

Name	Role	Nature of transaction	Number of Common Shares
Cary Bounds	CEO and COO	Vesting of Restricted Shares	79,776
Elizabeth Prochnow	CFO	Vesting of Restricted Shares	3,577
David DesAutels	EVP, Corp. Dev.	Vesting of Restricted Shares	20,070

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

Name	Role	Nature of transaction	Number of Common Shares	Price per share ($)
Cary Bounds	CEO and COO	Disposal of Common Shares	20,955	2.00
Elizabeth Prochnow	CFO	Disposal of Common Shares	1,061	2.00
David DesAutels	EVP, Corp. Dev.	Disposal of Common Shares	5,952	2.00

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 31.1% working interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 110 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 / Chris Judd  /  James Husband	[e-mail]

 

Notification of dealings in shares by PDMR's of the Company:

1.	Details of PDMR / PDMR Associate
(a)	Name	Cary Bounds
(b)	Position / status	Chief Executive Officer & Chief Operating Officer
(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	Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares
(b)	Nature of the transaction	Disposal of common shares
(c)	Price(s) and volume(s)	Price: $2.00 Volume: 20,955 Total: $41,910 US Dollar
(d)	Aggregated information Aggregated volume Price	Volume: 20,955 Price: $2.00
(e)	Date of the transaction	February 28, 2020
(f)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(d)	Name	Elizabeth Prochnow
(e)	Position / status	Chief Financial Officer
(f)	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
(g)	Description of the financial instrument	Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares
(h)	Nature of the transaction	Disposal of common shares
(i)	Price(s) and volume(s)	Price: $2.00 Volume: 1,061 Total: $2,122 US Dollar
(j)	Aggregated information Aggregated volume Price	Volume: 1,061 Price: $2.00
(k)	Date of the transaction	February 28, 2020
(l)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(g)	Name	David DesAutels
(h)	Position / status	Executive Vice President, Corporate Development
(i)	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
(m)	Description of the financial instrument	Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares
(n)	Nature of the transaction	Disposal of common shares
(o)	Price(s) and volume(s)	Price: $2.00 Volume: 5,952 Total: $11,904 US Dollar
(p)	Aggregated information Aggregated volume Price	Volume: 5,952 Price: $2.00
(q)	Date of the transaction	February 28, 2020
(r)	Place of the transaction	USA

 

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