TGL Transglobe Energy Corporation

TIDMTGL

RNS Number : 8504X

TransGlobe Energy Corporation

07 May 2021

TRANSGLOBE ENERGY CORPORATION ANNOUNCES AGM VOTING RESULTS

AND CONFIRMATION OF BOARD CHANGES

AIM & TSX: "TGL" & NASDAQ: "TGA"

Calgary, Alberta, May 7, 2021 - TransGlobe Energy Corporation ("TransGlobe" or the "Company") announces its AGM voting results.

Report in Respect of Voting Results Pursuant to Section 11.3 of

National Instrument 51-102 - Continuous Disclosure Obligations

The following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of TransGlobe Energy Corporation ("TransGlobe" or the "Company") held on May 6 , 2021 and the outcome of the vote:

 
                                                                           Votes Against 
                                                              Votes For     or Withheld 
                                                  Outcome      (ballots       (ballots 
 Description of Matter                             of Vote       only)         only) 
----------------------------------------------  -----------  -----------  -------------- 
       1. Ordinary resolution fixing 
        the number of directors of TransGlobe 
        to be elected at the Meeting at 
        six (6).                                  Approved    23,440,848      356,209 
                                                                98.50%         1.50% 
       2. Ordinary resolution electing 
        the following nominees to serve 
        as directors of TransGlobe for 
        the ensuing year, or until their 
        successors are duly elected or 
        appointed, as more particularly 
        described in the information circular 
        of TransGlobe dated March 18, 
        2021 (the "Information Circular"): 
                                                              17,619,066 
       David B. Cook                              Approved      74.04%       6,177,991 
                                                                               25.96% 
       Randall C. Neely                                       21,058,827     2,738,230 
                                                                88.49%         11.51% 
       Ross G. Clarkson                                       21,230,289     2,566,768 
                                                                89.21%         10.79% 
       Edward D. LaFehr                                       20,927,796     2,869,261 
                                                                87.94%         12.06% 
       Timothy R. Marchant                                    20,507,197     3,289,860 
                                                                86.18%         13.82% 
       Steven W. Sinclair                                     18,471,577     5,324,480 
                                                                77.62%         22.38% 
 3. Ordinary resolution appointing                Approved     Show of        Show of 
  BDO Canada LLP, Chartered Accountants,                         hands         hands 
  as auditors of TransGlobe for 
  the ensuing year and to authorize 
  the directors of TransGlobe to 
  fix their remuneration as such. 
 
                          Approved                            20,862,106     2,954,951 
  4. Advisory resolution accepting 
   the Company's approach to executive 
   compensation, as described in 
   the Information Circular.                                    87.67%         12.33% 
 

Carol Bell did not stand for re-election and is no longer a Director of the Company.

About TransGlobe

TransGlobe Energy Corporation is a cashflow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe's common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.

For further information, please contact:

 
 TransGlobe Energy Corporation                                   +1 403 264 9888 
  Randy Neely, President and CEO              investor.relations@trans-globe.com 
  Eddie Ok, CFO                                       http://www.trans-globe.com 
                                                      or via Tailwind Associates 
                                                                              or 
                                                                  FTI Consulting 
 Tailwind Associates (Investor Relations)                        +1 403 618 8035 
  Darren Engels                                     darren@tailwindassociates.ca 
                                                http://www.tailwindassociates.ca 
 FTI Consulting (Financial PR)                               +44(0) 20 3727 1000 
  Ben Brewerton                               transglobeenergy@fticonsulting.com 
  Genevieve Ryan 
 Canaccord Genuity (Nomad & Joint-Broker) 
  Henry Fitzgerald-O'Connor 
  James Asensio                                              +44(0) 20 7523 8000 
 Shore Capital (Joint Broker) 
  Jerry Keen 
  Toby Gibbs                                                 +44(0) 20 7408 4090 
 

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May 07, 2021 02:00 ET (06:00 GMT)

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