PDMR Share Dealing

RNS Number : 5206H

Vaalco Energy Inc

03 December 2020

 

03 December 2020

PDMR Share Dealing

VAALCO Energy, Inc. (" VAALCO " or "Company") announces that on 19 November 2020, Elizabeth Prochnow, a person discharging managerial responsibility in the Company, exercised Stock Appreciation Rights ("SARs") in the number set out below, satisfied for the amount of cash set out below (such amount being net of the grant price and taxes).

Name	Role	Nature of transaction	Number of SARs	Aggregate net cash to satisfy exercise of SARs
Elizabeth Prochnow	CFO	Exercise of  SARs	60,022	$41,320.04

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 33.6% participating interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 118 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 / Kelsey Traynor  /  James Husband	[e-mail]

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

1.	Details of PDMR / PDMR Associate
(a)	Name	Elizabeth Prochnow
(b)	Position / status	Chief Financial 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	Stock Appreciation Rights ("SARs")
(b)	Nature of the transaction	Exercise of SARs
(c)	Price(s) and volume(s)	Gross: Price: US $1.77 Volume: 60,022 Total: US $106,238.94 Net of grant price and taxes: Price: US $0.6884 Volume: 60,022 Total: US $41,320.04
(d)	Aggregated information Aggregated volume Price	N/A (single transaction)
(e)	Date of the transaction	November 19, 2020
(f)	Place of the transaction	USA

 

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