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
| VAALCO Energy, Inc. (General and Investor Enquiries) | +00 1 713 623 0801 |
| Website: | |
| | |
| Al Petrie Advisors (US Investor Relations) | +00 1 713 543 3422 |
| Al Petrie / Chris Delange | |
| | |
| Buchanan (UK Financial PR) | +44 (0) 20 7466 5000 |
| Ben Romney / George Pope |
| 1. | Details of the Person discharging managerial responsibilities / person closely associated | |
| a) | Name | George Maxwell |
| 2. | Reason for the notification | |
| a) | Position / status | Chief Executive Officer and Director |
| 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: 7,154 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 |
| 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 |
| 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: 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 |
| 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 |
| 1. | Details of the Person discharging managerial responsibilities / person closely associated | |
| 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 |
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