- TransGlobe Energy Corporation (TGL) has closed its previously-announced merger with VAALCO Energy by way of a plan of arrangement
- On October 14, 2022, it is expected that common shares of TransGlobe will be delisted on NASDAQ and TSX, and trading of TransGlobe common shares on AIM will be cancelled
- To receive the consideration to which they are entitled regarding the arrangement, TransGlobe shareholders are required to deposit all necessary documents with Computershare Investor Services Inc
- TransGlobe Energy Corp and its subsidiaries are engaged in the oil and natural gas business
- TransGlobe Energy Corporation opened trading at $5.08 per share
TransGlobe Energy Corporation (TGL) has closed its previously-announced merger with VAALCO Energy by way of a plan of arrangement.
On October 14, 2022, it is expected that common shares of TransGlobe will be delisted on NASDAQ and trading of TransGlobe common shares on AIM will be cancelled.
Toronto Stock Exchange delisting is expected to occur at the close of trading today.
According to the plan of arrangement, holders of common shares of TransGlobe will receive, for each TransGlobe common share held, 0.6727 of a share of common stock, par value $0.10 per share, of VAALCO Energy Inc.
To receive the consideration to which they are entitled regarding the arrangement, TransGlobe shareholders are required to deposit all necessary documents with Computershare Investor Services Inc.
The documents include the certificate or direct registration statement advice (if any) representing TransGlobe common shares held by them along with the letter of transmittal, validly completed and duly executed, and all other documents required by the terms of the arrangement and the letter of transmittal.
These should be dropped at the addresses specified on the back page of the letter of transmittal.
Registered holders of TransGlobe common shares who do not deposit a validly completed and duly executed letter of transmittal, together with the certificate or DRS advice representing their TransGlobe common shares and the other relevant documents, will not receive the consideration to which they are otherwise entitled concerning the arrangement until the deposit of such materials is made.
Letters of transmittal were previously sent to registered TransGlobe shareholders.
TransGlobe Energy Corp and its subsidiaries are engaged in oil and natural gas exploration, development and production, and the acquisition of oil and natural gas properties in Egypt and Alberta, Canada.
TransGlobe Energy Corporation opened trading at $5.08 per share.
