VAALCO ENERGY INC /DE/

Transaction in Own Shares • Mar 10, 2021

National Storage Mechanism | Additional information

RNS Number : 7158R

Vaalco Energy Inc

10 March 2021

10 March 2021

PDMR Share Dealing

VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 5 March 2021, Stock Appreciation Rights (SARs) of 210,634 common shares in the Company ("Common Shares") were exercised for David DesAutels, 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	Nature of transaction	Number of SARs	Aggregate net cash to satisfy exercise of SARS
David DesAutels	EVP, Corporate Development	Exercise of  SARs	210,634	$341,567.79

Option awards in the Company were exercised by David DesAutels on 5 March 2021, in the number set out below.

Name	Role	Nature of transaction	Number of shares over which options exercised	Exercise price per share ($)	Number of shares received after withholding of shares to cover taxes and costs
David DesAutels	EVP, Corporate Development	Exercise of  Options	73,202	$3.30	33,060

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 58.8% working interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 120 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	[email protected]

Notification of dealings in shares by PDMR's of the Company:

1.	Details of PDMR / PDMR Associate
(a)	Name	David DesAutels
(b)	Position / status	EVP, 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	Stock Appreciation Rights ("SARs") and Employee Stock Option (right to buy) ("Options")
(b)	Nature of the transaction	Exercise of SARs and Options
(c)	Price(s) and volume(s)	Exercise of SARs (Gross): Price: US $3.30 Volume: 210,634 Total:  US $695,092.20 Amount payable to David DesAutels following exercise of the SARs net of grant price and taxes: US $341,567.79     Exercise of Options: Price: US $3.30 Volume: 73,202 Number of shares received after withholding of shares to cover taxes and costs: 33,060
(d)	Aggregated information Aggregated volume Price	Volume:  283,836 Price: $3.30
(e)	Date of the transaction	5 March 2021
(f)	Place of the transaction	USA

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