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VAALCO Energy, Inc. announced on March 13, 2024, that on March 11, 2024, its Chief Executive Officer George Maxwell, Chief Financial Officer Ronald Bain, Chief Operating Officer Thor Pruckl, and Chief Accounting Officer Jason Doornik forfeited common stock. These individuals forfeited 7,154, 3,359, 1,446, and 1,305 shares respectively, each at US$4.41 per share, to satisfy tax withholding obligations on the vesting of restricted stock awards.
| Date | 13 Mar 2024 |
| Time | 10:13:57 |
| Category | Director/PDMR dealings |
| ID | 6960G |
13 March 2024
VAALCO Energy, Inc.
("VAALCO" or the "Company")
PDMR dealings
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces that on March 11, 2024, there were the following forfeitures of common stock, of par value $0.10 per share, of the Company ("Common Stock") by persons discharging managerial responsibility in the Company to satisfy tax withholding obligations on the vesting of restricted stock awards:
|
Name |
Role |
Nature of transaction |
Number of shares of Common Stock |
|
George Maxwell |
Chief Executive Officer and Director |
Forfeiture of Common Stock |
7,154 |
|
Ronald Bain |
Chief Financial Officer |
Forfeiture of Common Stock |
3,359 |
|
Thor Pruckl |
Chief Operating Officer |
Forfeiture of Common Stock |
1,446 |
|
Jason Doornik |
Chief Accounting Officer |
Forfeiture of Common Stock |
1,305 |
About VAALCO
VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, USA based, independent energy company with production, development and exploration assets in Africa and Canada.
Following its business combination with TransGlobe in October 2022, VAALCO owns a diverse portfolio of operated production, development and exploration assets across Gabon, Egypt, Equatorial Guinea and Canada.
For Further Information
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VAALCO Energy, Inc. (General and Investor Enquiries) |
+00 1 713 623 0801 |
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Website: |
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Al Petrie Advisors (US Investor Relations) |
+00 1 713 543 3422 |
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Al Petrie / Chris Delange |
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Buchanan (UK Financial PR) |
+44 (0) 20 7466 5000 |
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Ben Romney / George Pope |
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1. |
Details of the Person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
George Maxwell |
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2. |
Reason for the notification |
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|
a) |
Position / status |
Chief Executive Officer and Director |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
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|
a) |
Name |
VAALCO Energy, Inc. |
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b) |
LEI |
549300CFHFVIWB8M6T24 |
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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 Identification code |
Common Stock, par value $0.10 per share
US91851C2017 |
|
b) |
Nature of the transaction |
Forfeiture of Common Stock |
|
c) |
Price(s) and volume(s) |
Volume: 7,154 Price: US$4.41 |
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
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e) |
Date of the transaction |
11 March 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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1. |
Details of the Person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Ronald Bain |
|
2. |
Reason for the notification |
|
|
a) |
Position / status |
Chief Financial Officer |
|
b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
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|
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 Identification code |
Common Stock, par value $0.10 per share
US91851C2017 |
|
b) |
Nature of the transaction |
Forfeiture of Common Stock |
|
c) |
Price(s) and volume(s) |
Volume: 3,359 Price: US$4.41 |
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
|
e) |
Date of the transaction |
11 March 2024 |
|
f) |
Place of the transaction |
Outside a trading venue |
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1. |
Details of the Person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Thor Pruckl |
|
2. |
Reason for the notification |
|
|
a) |
Position / status |
Chief Operating Officer |
|
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 Identification code |
Common Stock, par value $0.10 per share
US91851C2017 |
|
b) |
Nature of the transaction |
Forfeiture of Common Stock |
|
c) |
Price(s) and volume(s) |
Volume: 1,446 Price: US$4.41 |
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
|
e) |
Date of the transaction |
11 March 2024 |
|
f) |
Place of the transaction |
Outside a trading venue |
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1. |
Details of the Person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Jason Doornik |
|
2. |
Reason for the notification |
|
|
a) |
Position / status |
Chief Accounting Officer |
|
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 Identification code |
Common Stock, par value $0.10 per share
US91851C2017 |
|
b) |
Nature of the transaction |
Forfeiture of Common Stock |
|
c) |
Price(s) and volume(s) |
Volume: 1,305 Price: US$4.41 |
|
d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
|
e) |
Date of the transaction |
11 March 2024 |
|
f) |
Place of the transaction |
Outside a trading venue |