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Energy SpA — Director's Dealing 2020
Mar 3, 2020
4100_dirs_2020-03-03_fd8de81b-ff41-4fe8-943e-3ae19db8efac.html
Director's Dealing
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RNS Number : 8744E
Vaalco Energy Inc
03 March 2020
03 March 2020
PDMR Share Dealing
VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 28 February 2020, restricted shares in the Company ("Common Shares") vested for certain persons discharging managerial responsibility in the Company as listed below.
| Name | Role | Nature of transaction | Number of Common Shares |
| Cary Bounds | CEO and COO | Vesting of Restricted Shares | 79,776 |
| Elizabeth Prochnow | CFO | Vesting of Restricted Shares | 3,577 |
| David DesAutels | EVP, Corp. Dev. | Vesting of Restricted Shares | 20,070 |
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 Common Shares | Price per share ($) |
| Cary Bounds | CEO and COO | Disposal of Common Shares | 20,955 | 2.00 |
| Elizabeth Prochnow | CFO | Disposal of Common Shares | 1,061 | 2.00 |
| David DesAutels | EVP, Corp. Dev. | Disposal of Common Shares | 5,952 | 2.00 |
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 / 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 | 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 | 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: $2.00 Volume: 20,955 Total: $41,910 US Dollar |
| (d) | Aggregated information Aggregated volume Price |
Volume: 20,955 Price: $2.00 |
| (e) | Date of the transaction | February 28, 2020 |
| (f) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (d) | Name | Elizabeth Prochnow |
| (e) | Position / status | Chief Financial Officer |
| (f) | 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 | |
| (g) | Description of the financial instrument | Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares |
| (h) | Nature of the transaction | Disposal of common shares |
| (i) | Price(s) and volume(s) | Price: $2.00 Volume: 1,061 Total: $2,122 US Dollar |
| (j) | Aggregated information Aggregated volume Price |
Volume: 1,061 Price: $2.00 |
| (k) | Date of the transaction | February 28, 2020 |
| (l) | Place of the transaction | USA |
| 1. | Details of PDMR / PDMR Associate | |
| (g) | Name | David DesAutels |
| (h) | Position / status | Executive Vice President, Corporate Development |
| (i) | 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 | |
| (m) | Description of the financial instrument | Disposal of common shares to satisfy tax withholding obligations upon vesting of restricted shares |
| (n) | Nature of the transaction | Disposal of common shares |
| (o) | Price(s) and volume(s) | Price: $2.00 Volume: 5,952 Total: $11,904 US Dollar |
| (p) | Aggregated information Aggregated volume Price |
Volume: 5,952 Price: $2.00 |
| (q) | Date of the transaction | February 28, 2020 |
| (r) | 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.
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