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Transglobe Energy Corporation Announces an Update to a Significant Shareholder


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Source: TransGlobe Energy Corporation

CALGARY, Alberta, June 07, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”)(“TransGlobe” or the “Company”) understands that as of May 14, 2019, Renaissance Technologies LLC (“Renaissance”) through various funds, individuals and/or institutional clients of the foregoing beneficially own an aggregate interest in 2,987,736 common shares of the Company, which represents approximately 4.12% of the issued and outstanding common shares of the Company.

The above information is based on the Company’s understanding of Renaissance’s 13F Securities and Exchange Commission filing, dated 14 May 2019.

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 issuer of existing shares to which voting rights are attachedii: TransGlobe Energy Corporation
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)iii: Total number of voting rights of issuer changed as a result of completion of tender offer.
3. Details of person subject to the notification obligationiv
Name Renaissance Technologies LLC
City and country of registered office (if applicable) New York, USA
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi: n/a
6. Date on which issuer notified (DD/MM/YYYY): n/a
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B) Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached 4.12% 0 % 4.12% 2,987,736
Position of previous notification (if applicable) n/a 0 % n/a

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares
ISIN code (if possible)
Number of voting rightsix % of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
CA8936621066 2,987,736 4.12 %
SUBTOTAL 8. A 2,987,736 4.12 %
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument Expiration datex Exercise/ Conversion Periodxi Number of voting rights that may be acquired if the instrument is 
exercised/converted.
% of voting rights
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 financial instrument Expiration datex Exercise/Conversion Period xi Physical or cash settlementxii Number of voting rights % of voting rights
  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) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) X
Namexv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
Renaissance Technologies LLC 4.12% 4.12%
 

 

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 informationxvi

 

Place of completion n/a
Date of completion n/a

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:

Investor Relations
Telephone: +1 403.444.4787
Email: investor.relations@trans-globe.com
Web site:  http://www.trans-globe.com

TransGlobe Energy Via FTI Consulting
Randy Neely, President and Chief Executive Officer
Eddie Ok, Chief Financial Officer
Canaccord Genuity  (Nomad & Joint Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O’Connor
James Asensio
GMP First Energy (Joint Broker) +44 (0) 20 7448 0200
Jonathan Wright
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton transglobeenergy@fticonsulting.com
Genevieve Ryan

PDF available: http://ml.globenewswire.com/Resource/Download/6313c3d6-7a33-47c5-8ed4-ad1907e466df



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