PDMR Share Dealing

RNS Number : 5399D

Vaalco Energy Inc

29 June 2021

 

29 June 2021

PDMR Share Dealing

VAALCO Energy, Inc . ("VAALCO" or "Company") announces that on 25 June 2021, 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
David DesAutels	EVP, Corp. Dev.	Vesting of Restricted Shares	13,666
Michael G. Silver	EVP, General Counsel & Corp. Sect	Vesting of Restricted Shares	17,500
Jason Doornik	Chief Accounting Officer & Controller	Vesting of Restricted Shares	13,133

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 ($)
David DesAutels	EVP, Corp. Dev.	Disposal of Common Shares	3,328	3.50
Michael G. Silver	EVP, General Counsel & Corp. Sect.	Disposal of Common Shares	4,262	3.50
Jason Doornik	Chief Accounting Officer & Controller	Disposal of Common Shares	3,140	3.50

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 58.8% working interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 120 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 PDMRs of the Company:

1.	Details of PDMR / PDMR Associate
(a)	Name	David DesAutels
(b)	Position / status	EVP, Corp. 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 restricted stock
(f)	Price(s) and volume(s)	Vesting Price per Common Share: $3.50 Volume: 13,666
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	25 June 2021
(i)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	David DesAutels
(b)	Position / status	EVP, Corp. 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 restricted shares
(e)	Nature of the transaction	Disposal of common shares
(f)	Price(s) and volume(s)	Price per Common Share: $3.50 Volume: 3,328
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	25 June 2021
(i)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Michael G. Silver
(b)	Position / status	EVP, General Counsel & Corp. Secretary
(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 restricted stock
(f)	Price(s) and volume(s)	Vesting Price per Common Share: $3.50 Volume: 17,500
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	25 June 2021
(i)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Michael G. Silver
(b)	Position / status	EVP, General Counsel & Corp. Secretary
(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 restricted shares
(e)	Nature of the transaction	Disposal of common shares
(f)	Price(s) and volume(s)	Price: $3.50 Volume: 4,262
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	25 June 2021
(i)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Jason Doornik
(b)	Position / status	Chief Accounting Officer & Controller
(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 restricted stock
(f)	Price(s) and volume(s)	Vesting Price per Common Share: $3.50 Volume: 13,133
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	25 June 2021
(i)	Place of the transaction	USA
1.	Details of PDMR / PDMR Associate
(a)	Name	Jason Doornik
(b)	Position / status	Chief Accounting Officer & Controller
(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 restricted shares
(e)	Nature of the transaction	Disposal of common shares
(f)	Price(s) and volume(s)	Price: $3.50 Volume: 3,140
(g)	Aggregated information Aggregated volume Price	n/a
(h)	Date of the transaction	25 June 2021
(i)	Place of the transaction	USA

 

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