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VAALCO Energy, Inc. announced that on 18 March 2024, Andrew Fawthrop, Chairman of the Board, exercised options over 64,307 shares of Common Stock at $1.43 per share. Following this, Mr. Fawthrop forfeited 15,938 shares of Common Stock to meet tax liabilities arising from the exercise. As a result, Andrew Fawthrop acquired 48,369 shares of Common Stock.
| Date | 20 Mar 2024 |
| Time | 10:26:07 |
| Category | Director/PDMR dealings |
| ID | 6092H |
20 March 2024
VAALCO Energy, Inc.
("VAALCO" or the "Company")
PDMR dealings
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") announces the following exercise of options awards in the Company on 18 March 2024 by persons discharging managerial responsibility in the Company:
|
Name |
Role at time of exercise |
Nature of transaction |
Number of shares of Common Stock over which options exercised |
Exercise price per share of Common Stock ($) |
|
Andrew Fawthrop |
Chairman of the Board |
Exercise of options |
64,307 |
$1.43 |
The Company announces that, immediately following the exercise of options referred to above, there was a forfeiture of shares of common stock, of par value $0.10 per share, of the Company ("Common Stock") to meet tax liabilities arising from the exercise of options by the relevant person discharging managerial responsibility in the Company as listed below.
|
Name |
Role |
Nature of transaction |
Number of shares of Common Stock |
|
Andrew Fawthrop |
Chairman of the Board |
Forfeiture of Common Stock |
15,938 |
As a result of the exercise of options and tax-related forfeiture of Common Stock, Andrew Fawthrop, the Company's Chairman of the Board, acquired 48,369 shares of Common Stock.
About VAALCO
VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a Houston, U.S.-based, independent energy company with production, development and exploration assets in Africa and Canada.
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 |
Andrew Fawthrop |
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2. |
Reason for the notification |
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a) |
Position / status |
Chairman of the Board |
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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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Common Stock, par value $0.10 per share
US91851C2017 |
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b) |
Nature of the transaction |
Exercise of options |
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c) |
Price(s) and volume(s) |
Volume: 64,307 Price: $1.43 |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
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e) |
Date of the transaction |
18 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 |
Andrew Fawthrop |
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2. |
Reason for the notification |
|
|
a) |
Position / status |
Chairman of the Board |
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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) |
Legal Entity Identifier |
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 |
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b) |
Nature of the transaction |
Forfeiture of Common Stock |
|
c) |
Price(s) and volume(s) |
Volume: 15,938 Price: $5.77 |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
N/A |
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e) |
Date of the transaction |
18 March 2024 |
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f) |
Place of the transaction |
Outside a trading venue |