VAALCO Energy, Inc. (NYSE - EGY)

VAALCO Energy, Inc. (NYSE – EGY)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of VAALCO Energy, Inc. (NYSE – EGY)

BALA CYNWYD – July 18, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of VAALCO Energy, Inc. (“VAALCO” or the “Company”) (NYSE – EGY) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to acquire TransGlobe Energy Corporation (“TransGlobe”) (Nasdaq – TGA). Under the merger agreement, VAALCO will acquire each TransGlobe share for 0.6727 of a VAALCO common share; as a result, VAALCO shareholders will own approximately 54.5% and TransGlobe shareholders will own approximately 45.5% of the combined company. The stock-for stock transaction is valued at approximately $307 million.

The investigation concerns whether the VAALCO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of shares in the combined company.

If you own shares of VAALCO stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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