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TransGlobe Energy Corporation Announces AGM Voting Results and Confirmation of Board Changes
TransGlobe Energy CorporationMay 7, 2021 GMT
AIM & TSX: “TGL” & NASDAQ: “TGA”
CALGARY, Alberta, May 07, 2021 (GLOBE NEWSWIRE) TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces its AGM voting results.
Report in Respect of Voting Results Pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations
The following sets forth a brief description of each matter voted upon at the annual general meeting (the “Meeting”) of the holders of common shares of TransGlobe Energy Corporation (“TransGlobe” or the “Company”) held on May 6, 2021 and the outcome of the vote:
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
58.23%
As this is an advisory vote, the results will not be binding upon the Board; however, the Board will take the results of this vote into account, as appropriate, when considering future compensation policies, procedures and decisions.
The Board will also continue engaging directly with Shareholders to receive feedback regarding the Company s approach to executive compensation, and the Board will assess its future compensation policies, procedures, and decisions in the context of such feedback.
The Company considers its approach to executive compensation as being a significant component of its broader corporate governance practices, which is generally consistent with best practices and includes claw-back policies, diversity policies, share ownership guidelines and anti-hedging policies.
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