TransGlobe Energy Corporation TGL Announces Update To Significant Shareholders (6590P)
February 19 2021 - 2:00AM
UK Regulatory
TIDMTGL
RNS Number : 6590P
TransGlobe Energy Corporation
19 February 2021
TRANSGLOBE ENERGY CORPORATION ANNOUNCES AN
UPDATE TO ITS SIGNIFICANT SHAREHOLDERS
AIM & TSX: "TGL" & NASDAQ: "TGA"
Calgary, Alberta, February 19, 2021 - TransGlobe Energy
Corporation ("TransGlobe" or the "Company") understands that as of
December 31, 2020, Invesco Ltd. , through various funds,
individuals and/or institutional clients of the foregoing,
beneficially own an aggregate interest in 6,502,037 common shares
of the Company, which represents approximately 9.0% of the issued
and outstanding common shares of the Company.
The above information is based on the Company's understanding of
Invesco Ltd.'s most recent 13G Securities and Exchange Commission
filing, dated 12 February 2021.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer)
1a. Identity of the issuer or TransGlobe Energy Corporation
the underlying issuer of existing
shares to which voting rights
are attached:
------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please
mark with an "X" if appropriate)
Non-UK issuer x
---
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
An acquisition or disposal of voting rights x
---
An acquisition or disposal of financial instruments
---
An event changing the breakdown of voting rights
---
Other (please specify): Total number of voting rights of
issuer changed as a result of completion of tender offer.
---
3. Details of person subject to the notification obligation
Name Invesco Ltd.
City and country of registered Bermuda
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
------------------------------------------
City and country of registered
office (if applicable)
------------------------------------------
5. Date on which the threshold 31 December 2020
was crossed or reached:
------------------------------------------
6. Date on which issuer notified 17 February 2021
(DD/MM/YYYY):
------------------------------------------
7. Total positions of person(s) subject to the notification
obligation
% of voting % of voting Total of both Total number
rights attached rights through in % (8.A of voting
to shares financial instruments + 8.B) rights of
(total of (total of issuer
8. A) 8.B 1 + 8.B
2)
----------------- ------------------------- -------------- ---------------
Resulting situation
on the date on
which threshold
was crossed or
reached 9.0% 0% 9.0% 72,542,071
----------------- ------------------------- -------------- ---------------
Position of previous
notification
(if
applicable) 8.8% 8.8%
----------------- ------------------------- -------------- ---------------
8. Notified details of the resulting situation on the date
on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type Number of voting rights % of voting rights
of
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of (Art 10 of Directive (Art 9 of (Art 10 of
Directive 2004/109/EC) Directive Directive
2004/109/EC) (DTR5.2.1) 2004/109/EC) 2004/109/EC)
(DTR5.1) (DTR5.1) (DTR5.2.1)
--------------------------------
CA8936621066 - 6,502,037 - 9.0%
------------------- -------------------------------- ------------------ ----------------
SUBTOTAL 8.
A 6,502,037 9.0%
----------------------------------------------------- ------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may be rights
instrument acquired if the instrument
is
exercised/converted.
---------------- ------------------------------- ---------------------------------- ------------
SUBTOTAL 8. B
1
------------------------------- ---------------------------------- ------------
B 2: Financial Instruments with similar economic effect according
to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period settlement
--------------- ----------------------- ----------------------- -----------------
SUBTOTAL 8.B.2
----------------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control
any other undertaking(s) holding directly or indirectly
an interest in the (underlying) issuer
Full chain of controlled undertakings through which the X
voting rights and/or the
financial instruments are effectively held starting with
the ultimate controlling natural person or legal entity
(please add additional rows as necessary)
Name % of voting % of voting rights Total of both
rights if it through financial if it equals
equals or is instruments if it or is higher
higher than equals or is higher than the notifiable
the notifiable than the notifiable threshold
threshold threshold
----------------- --------------------- -----------------------
Invesco Ltd. 9.0% 9.0%
----------------- --------------------- -----------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
----------------------------------------------
The number and % of voting rights
held
----------------------------------------------
The date until which the voting
rights will be held
----------------------------------------------
11. Additional information
Place of completion 1555 Peachtree Street NE, Suite 1800, Atlanta,
GA, USA
Date of completion 12 February 2021
-----------------------------------------------
The Company understands that as of December 31, 2020, BLR
Partners LP , through various funds, individuals and/or
institutional clients of the foregoing, beneficially own an
aggregate interest in 750,002 common shares of the Company, which
represents approximately 1.0% of the issued and outstanding common
shares of the Company.
The above information is based on the Company's understanding of
BLR Partners LP's most recent 13F Securities and Exchange
Commission filing, dated 16 February 2021.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer)
1a. Identity of the issuer or the underlying TransGlobe Energy Corporation
issuer of existing shares to which voting
rights are attached:
------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please
mark with an "X" if appropriate)
Non-UK issuer x
---
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
An acquisition or disposal of voting rights x
---
An acquisition or disposal of financial instruments
---
An event changing the breakdown of voting rights
---
Other (please specify): Total number of voting rights of
issuer changed as a result of completion of tender offer.
---
3. Details of person subject to the notification obligation
Name BLR Partners LP
City and country of registered office Houston, Texas, USA
(if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
------------------------------------
City and country of registered office
(if applicable)
------------------------------------
5. Date on which the threshold was crossed 31 December 2020
or reached:
------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 17 February 2021
------------------------------------
7. Total positions of person(s) subject to the notification
obligation
% of voting % of voting Total of Total number
rights attached rights through both in of voting
to shares financial instruments % (8.A + rights of
(total of (total of 8.B) issuer
8. A) 8.B 1 + 8.B
2)
----------------- -------------------------- ------------ -----------------
Resulting situation
on the date on which
threshold was crossed
or reached 1.0% 1.0% 72,542,071
----------------- -------------------------- ------------ -----------------
Position of previous
notification (if
applicable) 5.0% 5.0%
----------------- -------------------------- ------------ -----------------
8. Notified details of the resulting situation on the date
on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of (Art 10 of (Art 9 of (Art 10 of
Directive Directive Directive Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
-------------------
CA8936621066 750,002 1.0%
-------------------- ------------------- ------------------- ----------------
SUBTOTAL 8. A
----------------------------------------- -------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may be rights
instrument acquired if the instrument
is
exercised/converted
--------------- ----------------------- --------------------------------- ------------
SUBTOTAL 8. B
1
----------------------- --------------------------------- ------------
B 2: Financial Instruments with similar economic effect according
to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period settlement
----------- ------------ --------------- -----------------
SUBTOTAL 8.B.2
--------------- --------------
9. Information in relation to the person subject to the notification
obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control
any other undertaking(s) holding directly or indirectly
an interest in the (underlying) issuer
Full chain of controlled undertakings through which the X
voting rights and/or the
financial instruments are effectively held starting with
the ultimate controlling natural person or legal entity
(please add additional rows as necessary)
Name % of voting % of voting rights Total of both
rights if through financial if it equals
it equals instruments if or is higher
or is higher it equals or than the notifiable
than the notifiable is higher than threshold
threshold the notifiable
threshold
--------------------- ------------------- -----------------------
Bradley L. Radoff 1.0% 1.0%
--------------------- ------------------- -----------------------
BLR Partners LP
--------------------- ------------------- -----------------------
BLRPart, LP
--------------------- ------------------- -----------------------
BLRGP Inc.
--------------------- ------------------- -----------------------
Fondren Management, LP
--------------------- ------------------- -----------------------
FMLP Inc.
--------------------- ------------------- -----------------------
The Radoff Family Foundation
--------------------- ------------------- -----------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights
held
The date until which the voting rights
will be held
11. Additional information
Place of completion Houston, Texas, USA
Date of completion 16 February 2021
--------------------
About TransGlobe
TransGlobe Energy Corporation is a cash flow-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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