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2 Jan 2020 07:00
02 January 2020
PDMR Share Dealing
VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 29 December 2019, restricted stock over 61,729 common shares in the Company ("Common Shares") vested for Cary Bounds, a person discharging managerial responsibility in the Company. 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 shares | Price per share ($) |
Cary Bounds | CEO & COO | Disposal of common shares | 24,291 | $2.29 |
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) |
+44 (0) 207 466 5000 |
Ben Romney / Chris Judd / James Husband | VAALCO@buchanan.uk.com |
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 | Common Shares |
(b) | Nature of the transaction | Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted stock |
(c) | Price(s) and volume(s) | Price: $2.29 Volume: 24,291
|
(d) | Aggregated information Aggregated volume Price |
Aggregated Volume: 24,291 Price: $2.29
Total: $55,626 US Dollar |
(e) | Date of the transaction | December 29, 2019 |
(f) | Place of the transaction | USA |
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