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RNS Number : 5687H Vaalco Energy Inc 20 March 2024
20 March 2024
VAALCO Energy, Inc.
("VAALCO" or the "Company")
PDMR dealings
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company")
announces the following exercise of options awards in the Company on 18 March
2024 by persons discharging managerial responsibility in the Company:
Name Role at time of exercise Nature of transaction Number of shares of Common Stock over which options exercised Exercise price per share of Common Stock ($)
Andrew Fawthrop Chairman of the Board Exercise of options 64,307 $1.43
The Company announces that, immediately following the exercise of options
referred to above, there was a forfeiture of shares of common stock, of par
value $0.10 per share, of the Company ("Common Stock") to meet tax liabilities
arising from the exercise of options by the relevant person discharging
managerial responsibility in the Company as listed below.
Name Role Nature of transaction Number of shares of Common Stock
Andrew Fawthrop Chairman of the Board Forfeiture of Common Stock 15,938
As a result of the exercise of options and tax-related forfeiture of Common
Stock, Andrew Fawthrop, the Company's Chairman of the Board, acquired 48,369
shares of Common Stock.
About VAALCO
VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a
Houston, U.S.-based, independent energy company with production, development
and exploration assets in Africa and Canada.
VAALCO owns a diverse portfolio of operated production, development and
exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.
For Further Information
VAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 623 0801
Website: www.vaalco.com (http://www.vaalco.com/)
Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422
Al Petrie / Chris Delange
Buchanan (UK Financial PR) +44 (0) 20 7466 5000
Ben Romney / George Pope VAALCO@buchanan.uk.com (mailto:VAALCO@buchanan.uk.com)
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Andrew Fawthrop
2. Reason for the notification
a) Position / status Chairman of the Board
b) Initial notification / amendment Initial notification
3. Details of the issuer, UK emission allowance market participant, auction
platform or auctioneer
a) Name VAALCO Energy, Inc.
b) LEI 549300CFHFVIWB8M6T24
4. 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, type of instrument Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Exercise of options
c) Price(s) and volume(s) Volume: 64,307
Price: $1.43
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 18 March 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Andrew Fawthrop
2. Reason for the notification
a) Position / status Chairman of the Board
b) Initial notification / amendment Initial notification
3. Details of the issuer, UK emission allowance market participant, auction
platform or auctioneer
a) Name VAALCO Energy, Inc.
b) Legal Entity Identifier 549300CFHFVIWB8M6T24
4. 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, type of instrument Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Forfeiture of Common Stock
c) Price(s) and volume(s) Volume: 15,938
Price: $5.77
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 18 March 2024
f) Place of the transaction Outside a trading venue
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