PDMR Share Dealing
Updated : 17:26
03 December 2020
PDMR Share Dealing
VAALCO Energy, Inc. ("VAALCO" or "Company") announces that on 19 November 2020, Elizabeth Prochnow, a person discharging managerial responsibility in the Company, exercised Stock Appreciation Rights ("SARs") in the number set out below, 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 |
Elizabeth Prochnow | CFO | Exercise of SARs | 60,022 | $41,320.04 |
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 33.6% participating interest in the Etame Marin Block, located offshore Gabon, which to date has produced over 118 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
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Website: | |
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Al Petrie Advisors (US Investor Relations) | +00 1 713 543 3422 |
Al Petrie / Chris Delange |
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Buchanan (UK Financial PR) |
+44 (0) 207 466 5000 |
Ben Romney / Kelsey Traynor / James Husband |
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Notification of dealings in shares by PDMR's of the Company:
1. | Details of PDMR / PDMR Associate | |
(a) | Name | Elizabeth Prochnow |
(b) | Position / status | Chief Financial 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 | Stock Appreciation Rights ("SARs") |
(b) | Nature of the transaction | Exercise of SARs |
(c) | Price(s) and volume(s) | Gross: Price: US $1.77 Volume: 60,022 Total: US $106,238.94
Net of grant price and taxes: Price: US $0.6884 Volume: 60,022 Total: US $41,320.04
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(d) | Aggregated information Aggregated volume Price | N/A (single transaction)
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(e) | Date of the transaction | November 19, 2020 |
(f) | Place of the transaction | USA |
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