RNS Number : 2124E
Vaalco Energy Inc
04 November 2020
04 November 2020
PDMR Share Dealing
VAALCO Energy, Inc. ("
VAALCO
" or "Company")
announces that on 02 November 2020, restricted shares over 13,441 common shares in the Company ("Common Shares") vested for David DesAutels, 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 ($)
|
|
David DesAutels
|
EVP, Corp. Dev.
|
Disposal of common shares
|
3,273
|
$0.8211
|
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 / Kelsey Traynor
/
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
|
David DesAutels
|
|
(b)
|
Position / status
|
Executive Vice President, Corporate 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
|
|
(a)
|
Description of the financial instrument
|
Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares
|
|
(b)
|
Nature of the transaction
|
Disposal of common shares
|
|
(c)
|
Price(s) and volume(s)
|
Price: $0.8211
Volume: 3,273
Total: $2,687.46
US Dollar
|
|
(d)
|
Aggregated information
Aggregated volume
Price
|
Volume: 3,273
Price: $0.8211
|
|
(e)
|
Date of the transaction
|
November 02, 2020
|
|
(f)
|
Place of the transaction
|
USA
|
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