REG - Vaalco Energy Inc - PDMR dealings
12/06/2024 07:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240612:nRSL0442Sa&default-theme=true
RNS Number : 0442S Vaalco Energy Inc 12 June 2024
12 June 2024
VAALCO Energy, Inc.
("VAALCO" or the "Company")
PDMR dealings
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company")
announces that restricted shares in the Company ("Restricted Shares") were
valued on the date of grant at a price per share of common stock of the
Company ("Common Stock") of $5.96 to persons discharging managerial
responsibility in the Company as listed below. For the awards to directors
other than George Maxwell, the Restricted Shares will remain restricted until
the earlier of (i) the first anniversary of the grant date or (ii) the first
annual meeting of stockholders of the Company following the grant date (but in
either case, not less than fifty (50) weeks following the grant date)
provided, that the director is then, and continuously from the grant date has
been, an outside director of the Company and has not been terminated from
service from the Company's board of directors on such vesting date. For George
Maxwell and non-directors, Restricted Shares will become unrestricted in equal
proportions on the anniversary of the date of grant over the next three-year
period.
Name Role Nature of transaction Number of Restricted Shares awarded
George Maxwell Chief Executive Officer and Director Award of Restricted Shares 141,156
Ronald Bain Chief Financial Officer Award of Restricted Shares 51,669
Thor Pruckl Chief Operating Officer Award of Restricted Shares 68,676
Lynn Willis Interim Chief Accounting Officer and Controller Award of Restricted Shares 16,704
Matthew Powers Executive Vice President and General Counsel Award of Restricted Shares 35,062
Andrew Fawthrop Chairman of the Board Award of Restricted Shares 14,262
Edward LaFehr Director Award of Restricted Shares 14,262
Fabrice Nze-Bekale Director Award of Restricted Shares 14,262
Catherine Stubbs Director Award of Restricted Shares 14,262
VAALCO also announces that performance options ("Performance Options") were
granted to persons discharging managerial responsibility in the Company as
listed below. These are convertible into shares of Common Stock at the option
of the holder thereof and will vest over a three year period starting on the
grant date, subject to the performance conditions attached to each award being
met. The Performance Options have an exercise price of $5.96, and were valued
at $3.22 per Performance Option as of the date of grant.
Name Role Nature of transaction Number of Performance Options awarded
George Maxwell Chief Executive Officer and Director Award of Performance Options 261,545
Ronald Bain Chief Financial Officer Award of Performance Options 95,736
Thor Pruckl Chief Operating Officer Award of Performance Options 127,248
Matthew Powers Executive Vice President and General Counsel Award of Performance Options 64,966
Further, VAALCO also announces that on 8 June 2024, there were the following
forfeitures of 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 16,409
Ronald Bain Chief Financial Officer Forfeiture of Common Stock 5,968
Thor Pruckl Chief Operating Officer Forfeiture of Common Stock 2,906
Matthew Powers Executive Vice President and General Counsel Forfeiture of Common Stock 1,696
About VAALCO
VAALCO, founded in 1985 and incorporated under the laws of Delaware, is a
Houston, Texas, USA based, independent energy company with a diverse portfolio
of operated production, development and exploration assets across Gabon,
Egypt, Cote d'Ivoire, Equatorial Guinea and Canada.
For Further Information
VAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 623 0801
Website: www.vaalco.com (http://www.vaalco.com/)
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 VAALCO@buchanan.uk.com (mailto:VAALCO@buchanan.uk.com)
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 141,156
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 51,669
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 68,676
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Lynn Willis
2. Reason for the notification
a) Position / status Interim Chief Accounting Officer and Controller
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 16,704
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Matthew Powers
2. Reason for the notification
a) Position / status Executive Vice President and General Counsel
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 35,062
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Andrew Fawthrop
2. Reason for the notification
a) Position / status Chairman of the Board
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 14,262
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Edward LaFehr
2. Reason for the notification
a) Position / status 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 14,262
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Fabrice Nze-Bekale
2. Reason for the notification
a) Position / status 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 14,262
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Catherine Stubbs
2. Reason for the notification
a) Position / status 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Restricted Shares
c) Price(s) and volume(s) Volume: 14,262
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Performance Options
c) Price(s) and volume(s) Volume: 261,545
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Performance Options
c) Price(s) and volume(s) Volume: 95,736
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Performance Options
c) Price(s) and volume(s) Volume: 127,248
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Matthew Powers
2. Reason for the notification
a) Position / status Executive Vice President and General Counsel
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Award of Performance Options
c) Price(s) and volume(s) Volume: 64,966
Price: N/A
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 6 June 2024
f) Place of the transaction Outside a trading venue
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Forfeiture of Common Stock
c) Price(s) and volume(s) Volume: 16,409
Price: US$6.06
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 8 June 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Forfeiture of Common Stock
c) Price(s) and volume(s) Volume: 5,968
Price: US$6.06
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 8 June 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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Forfeiture of Common Stock
c) Price(s) and volume(s) Volume: 2,906
Price: US$6.06
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 8 June 2024
f) Place of the transaction Outside a trading venue
1. Details of the Person discharging managerial responsibilities / person closely
associated
a) Name Matthew Powers
2. Reason for the notification
a) Position / status Executive Vice President and General Counsel
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 Common Stock, par value $0.10 per share
Identification code
US91851C2017
b) Nature of the transaction Forfeiture of Common Stock
c) Price(s) and volume(s) Volume: 1,696
Price: US$6.06
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
e) Date of the transaction 8 June 2024
f) Place of the transaction Outside a trading venue
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
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHUARWRSVUNAARRecent news on VAALCO Energy
See all newsREG - Vaalco Energy Inc - Svenska Acquisition Update
AnnouncementREG - Vaalco Energy Inc - Report on Payments to Governments
AnnouncementREG - Vaalco Energy Inc - PDMR dealings
AnnouncementRCS - Vaalco Energy Inc - Investor Event
AnnouncementREG - Vaalco Energy Inc - Canada Drilling Results
Announcement