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TransGlobe Receives Shares Transfer Approval To Nasdaq Capital Market

TransGlobe Receives Shares Transfer Approval To Nasdaq Capital Market Thu, 31st Dec 2020 10:04 (Alliance News) - TransGlobe Energy Corp on Thursday said its application to transfer its shares to the Nasdaq Capital Market from the Nasdaq Stock Market has been approved and will begin trading Thursday. The Egypt and Canada-focused oil exploration and production firm s stock price has continued to trade below the minimum bid price necessary to maintain its listing on the Nasdaq Global Select Market, and now the Nasdaq Capital Market. TransGlobe said it received notification from Nasdaq on Tuesday that it will be eligible for an additional 180-day compliance period, or until June 28, 2021, to regain compliance with the minimum USD1.00 bid price per share requirement of Nasdaq s listing rules. If it does not regain compliance by the end of the period, it will be de-listed.

TransGlobe Energy Corporation Announces Its US Listing Transfer to Nasdaq Capital Market and

Press release content from Globe Newswire. The AP news staff was not involved in its creation. TransGlobe Energy Corporation Announces Its US Listing Transfer to Nasdaq Capital Market and . TransGlobe Energy CorporationDecember 30, 2020 GMT AIM & TSX: “TGL” & NASDAQ: “TGA” CALGARY, Alberta, Dec. 30, 2020 (GLOBE NEWSWIRE) TransGlobe Energy Corporation (“TransGlobe” or the “Company”) was notified on December 29, 2020 by the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that the Company’s application to transfer its common shares from The Nasdaq Global Select Market to The Nasdaq Capital Market, as allowed under Listing Rule 5810(c)(3)(A), had been approved. The Company’s common shares will begin trading on The Nasdaq Capital Market effective at the start of trading on December 31, 2020. The Company’s shares will continue to trade on Nasdaq under the symbol “TGA”.

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