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Stock impact report

VAALCO Announces Board Approved Share Buy-Back Post Closing and Provides Update on Transformational Transaction

VAALCO Energy, Inc. (EGY) 
US:NYSE Investor Relations: vaalco.com/about-us/governance
Company Research Source: GlobeNewswire
HOUSTON and CALGARY, Alberta, Aug. 08, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ("VAALCO") and TransGlobe Energy Corporation (TSX: TGL; NASDAQ: TGA; AIM: TGL) ("TransGlobe") (VAALCO and TransGlobe together, the "Combined Company"), announces that VAALCO’s Board has approved a share buy-back program of up to US$30 million, equivalent to up to US$0.27/share(1), to be commenced promptly subject to completion of the proposed combination (the “Transaction”) of VAALCO and TransGlobe taking place. The proposed share buy-back is in addition to the previously announced post-closing targeted dividend of US$28 million for 2023, or US$0.25/share annually. The dividend is to be paid quarterly, with the first payment to be made in the first quarter post completion. VAALCO has posted an updated presentation on its website, providing updated and supplemental information on the Transaction announced on July 14, 2022. Additionally, VAALCO’s presentation is accompanied by a Show less Read more
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