Item 8.01 Other Events.
On November 18, 2022, VAALCO Energy, Inc. (the “Company”) released, via the
Regulatory News Service (“RNS”) in London, an announcement (the “RNS
Announcement”) regarding the Company’s share buyback program (the “Buyback
Program”). The Buyback Program was previously announced by the Company on
November 1, 2022.
The RNS Announcement pertains to the entry, by the Company, into a Rule 10b5-1
trading plan (the “Plan”) on November 17, 2022, in connection with the Buyback
Program. The RNS Announcement is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
The RNS Announcement was made in order to comply with disclosure requirements in
connection with the safe harbor from the UK market abuse prohibitions pertaining
to the Plan.
Cautionary Note Regarding Forward-Looking Statements. This Form 8-K and the
announcement filed herewith as Exhibit 99.1 contain forward-looking statements,
including, for example, statements regarding the Company’s plans to repurchase
outstanding shares of its common stock, par value $0.10 per share (“Common
Stock”) and the timing and ability of the Company to repurchase shares of Common
Stock. These forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ materially from those expressed or
implied by these statements, including changes in price and volume and the
volatility of the Common Stock, adverse developments affecting prices and
trading of securities listed on the New York Stock Exchange and the London Stock
Exchange generally, and unexpected or otherwise unplanned or alternative
requirements with respect to the Company’s capital investments. Please refer to
the cautionary note in the announcement regarding these forward-looking
Item 7.01 Regulation FD Disclosure.
The Company reminds its investors that it makes its RNS announcements available
on its website at https://www.vaalco.com/investors/rns-releases. The information
included on, or accessible through, the Company’s website is not incorporated by
reference into this Current Report on Form 8-K.
In accordance with applicable U.S. securities laws, the Company will provide
information regarding repurchases in its quarterly and annual reports on Forms
10-Q and 10-K, respectively. In accordance with UK requirements, the Company
will provide information regarding repurchases via RNS announcements made no
later than the end of the seventh daily market session after the relevant
The information in this Item 7.01 is being furnished and shall not be deemed
“filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to
the liabilities of that section, and shall not be incorporated by reference into
any registration statement or other document filed pursuant to the Securities
Act of 1993, as amended, except as otherwise stated in such filings.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description of Exhibit 99.1 RNS Announcement, dated November 18, 2022. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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