TGA - TransGlobe Energy Corporation Announces AGM Voting Results and Confirmation of Board Changes
CALGARY, Alberta, May 13, 2019 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces its AGM voting results.
Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations
In respect of the annual general and special meeting (the "Meeting") of the holders of common shares of TransGlobe Energy Corporation ("TransGlobe" or the "Company") held on May 10, 2019 the following sets forth a brief description of each matter voted upon at such Meeting and the outcome of the vote:
| Description of Matter |
| Outcome of Vote |
| Votes For (ballots only) |
| Votes Against or Withheld (ballots only) |
|
| Approved |
| 37,118,564 97.07% |
| 1,121,210 2.93% |
|
| David B. Cook |
| Approved |
| 36,877,742 96.44% |
| 1,362,033 3.56% |
| Steven W. Sinclair |
| 36,676,986 95.91% |
| 1,562,789 4.09% |
| Susan M. MacKenzie |
| 36,498,755 95.45% |
| 1,741,020 4.55% |
| Carol Bell |
| 36,954,360 96.64% |
| 1,285,415 3.36% |
| Ross G. Clarkson |
| 37,052,951 96.90% |
| 1,186,824 3.10% |
| Randall C. Neely |
| 37,051,798 96.89% |
| 1,187,977 3.11% |
| Edward D. LaFehr |
| 37,044,448 96.87% |
| 1,195,327 3.13% |
|
| Approved |
| Show of hands |
| Show of hands |
|
| Approved |
| 36,017,563 94.19% |
| 2,222,213 5.81% |
|
| Approved |
| 36,583,706 95.67% |
| 1,656,068 4.33% |
Mr. Robert Jennings, previous Chairman of the Board of Directors chose not to stand for re-election retiring effective May 9, 2019. Mr. David Cook has been appointed Chairman of the Board of Directors effective May 10, 2019. Following the Meeting, TransGlobe’s Committees of the Board of Directors will be constituted as follows:
| R&HSES Committee |
| Audit Committee |
| CHR&G Committee |
| Edward LaFehr – Chair |
| Steven Sinclair – Chair |
| Carol Bell – Chair |
| Susan MacKenzie |
| Carol Bell |
| Susan MacKenzie |
| Ross Clarkson |
| Edward LaFehr |
| Steven Sinclair |
For each of the Audit Committee and the CHR&G Committee, all members are Independent Directors of the Company. The majority of Directors on the R&HSES Committee are Independent Directors of the Company and the Chair of the Committee is an Independent Director. No Committees of the Board of Directors have an Executive Officer participating as a member of the Committee.
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: +1 403.264.9888 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/dcede4d4-6339-4977-911b-aa4c4594554e