CALGARY, ALBERTA–(Marketwired – May 13, 2016) – TransGlobe Energy Corporation (“TransGlobe”) (TSX:TGL)(NASDAQ:TGA) announced the voting results from its annual general and special meeting of shareholders held on May 12, 2016. The results of each matter voted upon at the meeting are as follows:
| Description of Matter | Outcome of Vote | Votes For | Votes Against or Withheld | ||||
| 1. | Fixing the number of directors of TransGlobe to be elected at the meeting at eight (8). | Approved | 94.46% | 5.54% | |||
| 2. | Election of directors: | Approved | |||||
| Robert G. Jennings | 98.70% | 1.30% | |||||
| Ross G. Clarkson | 97.41% | 2.59% | |||||
| Geoffrey C. Chase | 97.70% | 2.30% | |||||
| David B. Cook | 71.75% | 28.25% | |||||
| Fred J. Dyment | 94.86% | 5.14% | |||||
| Lloyd W. Herrick | 96.30% | 3.70% | |||||
| Bob (G.R.) MacDougall | 98.71% | 1.29% | |||||
| Susan M. MacKenzie | 98.69% | 1.31% | |||||
| 3. | Appointment of Deloitte & Touche LLP, Chartered Accountants, as auditors of TransGlobe. | Approved | Show of hands | Show of hands | |||
| 4. | Acceptance of the Company’s approach to executive compensation. | Approved | 93.81% | 6.19% | |||
| 5. | Approval of a new stock option plan for the Company and all unallocated options issuable under such stock option plan. | Approved | 82.30% | 17.70% | |||
About TransGlobe Energy Corporation
TransGlobe is a Calgary-based, growth-oriented oil and gas exploration and development company focused on the Middle East/North Africa region with production operations in the Arab Republic of Egypt. TransGlobe’s common shares trade on the Toronto Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA. TransGlobe’s convertible debentures trade on the Toronto Stock Exchange under the symbol TGL.DB.
Investor Relations
Steve Langmaid
(403) 444-4787
[email protected]
www.trans-globe.com
