TransGlobe Energy Corporation Announces AGM Voting Results and Confirmation of Board Changes

Friday, 07. May 2021 08:00

AIM & TSX: “TGL” & NASDAQ: “TGA”

CALGARY, Alberta, May 07, 2021 (GLOBE NEWSWIRE) -- 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:


Description of Matter
 Outcome of
Vote
 Votes For
(ballots
only)

 Votes
Against or Withheld

(ballots
only)
1.Ordinary resolution fixing the number of directors of TransGlobe to be elected at the Meeting at six (6).

 Approved 23,440,848
98.50%
 356,209
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"):

        
 David B. Cook Approved







 17,619,066 6,177,991
    74.04% 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 BDO Canada LLP, Chartered Accountants, as auditors of TransGlobe for the ensuing year and to authorize the directors of TransGlobe to fix their remuneration as such. Approved Show of hands Show of hands
         
4.Advisory resolution accepting the Company's approach to executive compensation, as described in the Information Circular. Approved 20,862,106
87.67%
 2,954,951
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
Randy Neely, President and CEO
Eddie Ok, CFO
+1 403 264 9888
investor.relations@trans-globe.com
http://www.trans-globe.com
or via Tailwind Associates or
FTI Consulting

Tailwind Associates (Investor Relations)
Darren Engels
+1 403 618 8035
darren@tailwindassociates.ca
http://www.tailwindassociates.ca

FTI Consulting (Financial PR)
Ben Brewerton
Genevieve Ryan

+44(0) 20 3727 1000
transglobeenergy@fticonsulting.com
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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Related Links: Transglobe Energy Corp.
Author:
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