VAALCO ENERGY INC /DE/

Transaction in Own Shares • Jun 30, 2020

National Storage Mechanism | Additional information

RNS Number : 5848R

Vaalco Energy Inc

30 June 2020

30 June 2020

PDMR Share ISSUANCE

VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 25 June 2020, restricted shares in the Company ("Common Shares") were issued to persons discharging managerial responsibility in the Company as listed below. The Common Shares will be allotted in proportions over a three year period at the $1.23.

Name	Role	Nature of transaction	Number of Common Shares
Cary Bounds	CEO and COO	Award of restricted shares of common stock	210,000
Elizabeth Prochnow	CFO	Award of restricted shares of common stock	52,500
David DesAutels	EVP, Corp. Dev.	Award of restricted shares of common stock	41,000
Michael Silver	EVP, GC & Corp. Secretary	Award of restricted shares of common stock	52,500
Jason Doornik	CAO & Controller	Award of restricted shares of common stock	39,400
Andrew Fawthrop	Director	Award of restricted shares of common stock	65,041
George Maxwell	Director	Award of restricted shares of common stock	65,041
Catherine Stubbs	Director	Award of restricted shares of common stock	65,041
Bradley Radoff	Director	Award of restricted shares of common stock	65,041

VAALCO announces that on 25 June 2020, Performance Options ("Performance Options") were granted to persons discharging managerial responsibility in the Company as listed below. These will convert into Common Shares and will vest over a three year period after the grant date, subject to the performance conditions attached to each allocation being met. The Performance Shares were issued at the grant price indicated below.

Name	Role	Nature of transaction	Number of Common Shares	Price per share ($)
Cary Bounds	CEO and COO	Award of Performance Options	338,710	1.23
Elizabeth Prochnow	CFO	Award of Performance Options	84,677	1.23
David DesAutels	EVP, Corp. Dev.	Award of Performance Options	66,129	1.23
Michael Silver	EVP, GC & Corp. Secretary	Award of Performance Options	84,677	1.23

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	[email protected]

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	Award of restricted shares of common stock
(b)	Price (s) and volume(s)	Price: $1.23 Volume: 210,000 Total: $258,300 US Dollar
(c)	Nature of the transaction	Award of common stock on the vesting of performance options
(d)	Price(s) and volume(s)	Price: $1.23 Volume: 338,710 Total: $416,613 US Dollar
(e)	Aggregated information Aggregated volume Price Aggregated information Aggregated volume Price	Volume: 210,000 Price: $1.23 Volume: 338,710 Price: $1.23
(f)	Date of the transaction	June 25, 2020
(g)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Elizabeth Prochnow
(b)	Position / status	Chief Financial 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	Award of restricted shares of common stock
(b)	Price(s) and volume(s)	Price: $1.23 Volume: 52,500 Total: $64,575 US Dollar
(c)	Nature of the transaction	Award of common stock on the vesting of performance options
(d)	Price(s) and volume(s)	Price: $1.23 Volume: 84,677 Total: $104,153 US Dollar
(e)	Aggregated information Aggregated volume Price Aggregated Information Aggregated volume Price	Volume: 52,500 Price: $1.23 Volume:  84,677 Price:  $1.23
(f)	Date of the transaction	June 25, 2020
(g)	Place of the transaction	USA

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	Award of restricted shares of common stock
(b)	Price(s) and Volume(s)	Price: $1.23 Volume: 41,000 Total: $50,430 US Dollar
(c)	Nature of the transaction	Award of common stock on the vesting of performance options
(d)	Price(s) and volume(s)	Price: $1.23 Volume: 66,129 Total: $81,339 US Dollar
(e)	Aggregated information Aggregated volume Price Aggregated Information Aggregated volume Price	Volume: 41,000 Price: $1.23 Volume:  66,129 Price:  $1.23
(f)	Date of the transaction	June 25, 2020
(g)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Michael Silver
(b)	Position / status	Executive Vice President, General Counsel & Corporate 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
(a)	Description of the financial instrument	Award of restricted shares of common stock
(b)	Price(s) and Volume(s)	Price: $1.23 Volume: 52,500 Total: $64,575 US Dollar
(c)	Nature of the transaction	Award of common stock on the vesting of performance options
(d)	Price(s) and volume(s)	Price: $1.23 Volume: 84,677 Total: $104,153 US Dollar
(e)	Aggregated information Aggregated volume Price Aggregated Information Aggregated volume Price	Volume: 52,500 Price: $1.23 Volume:  84,677 Price:  $1.23
(f)	Date of the transaction	June 25, 2020
(g)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Jason Doornik
(b)	Position / status	Chief Accounting Officer and 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
(a)	Description of the financial instrument	Award of restricted shares of common stock
(b)	Price(s) and volume(s)	Price: $1.23 Volume: 39,400 Total: $48,462 US Dollar
(c)	Aggregated information Aggregated volume Price	Volume: 39,400 Price: $1.23
(d)	Date of the transaction	June 25, 2020
(e)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Andrew Fawthrop
(b)	Position / status	Director
(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	Award of restricted shares of common stock
(b)	Nature of the transaction	Award of common stock on the vesting of performance options
(c)	Price(s) and volume(s)	Price: $1.23 Volume: 64041 Total: $80,000 US Dollar
(d)	Aggregated information Aggregated volume Price	Volume: 64041 Price: $1.23
(e)	Date of the transaction	June 25, 2020
(f)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	George Maxwell
(b)	Position / status	Director
(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	Award of restricted shares of common stock
(b)	Nature of the transaction	Award of common stock on the vesting of performance options
(c)	Price(s) and volume(s)	Price: $1.23 Volume: 64041 Total: $80,000 US Dollar
(d)	Aggregated information Aggregated volume Price	Volume: 64041 Price: $1.23
(e)	Date of the transaction	June 25, 2020
(f)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Catherine Stubbs
(b)	Position / status	Director
(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	Award of restricted shares of common stock
(b)	Nature of the transaction	Award of common stock on the vesting of performance options
(c)	Price(s) and volume(s)	Price: $1.23 Volume: 64041 Total: $80,000 US Dollar
(d)	Aggregated information Aggregated volume Price	Volume: 64041 Price: $1.23
(e)	Date of the transaction	June 25, 2020
(f)	Place of the transaction	USA

1.	Details of PDMR / PDMR Associate
(a)	Name	Bradley Radoff
(b)	Position / status	Director
(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	Award of restricted shares of common stock
(b)	Nature of the transaction	Award of common stock on the vesting of performance options
(c)	Price(s) and volume(s)	Price: $1.23 Volume: 64041 Total: $80,000 US Dollar
(d)	Aggregated information Aggregated volume Price	Volume: 64041 Price: $1.23
(e)	Date of the transaction	June 25, 2020
(f)	Place of the transaction	USA

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

DSHZBLFXBQLXBBK