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Last checked at 
16 Mar 2022 08:11
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 ($) |
| ||
Andrew Fawthrop | Chairman | Exercise of options | 93,190 | 6.41 | 78,797 |
This exercise of options triggered immediate tax liabilities and other costs that were satisfied by the disposal of the number of common shares in the Company ("Common Shares") listed below.
Name | Role at time of exercise | Nature of transaction | Number of Common Shares | Disposal Price per share ($) |
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) |
+44 (0) 207 466 5000 |
Ben Romney / Jon Krinks / 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 | 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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