VAALCO says proxy adviser backs its board

NEW YORK, May 22 (Reuters) - VAALCO Energy Inc (EGY.N) said on Thursday that proxy advisory firm Glass Lewis & Co. recommended shareholders support the company's incumbent board nominees over a slate proposed by a hedge fund.

In a press release, VAALCO quoted Glass Lewis as saying, "we are concerned that the Dissident's primary plan for improvement appears to be pursuing a sale of the company."

Hedge fund Nanes Delorme Partners has proposed three nominees for the VAALCO board, and has urged the company to consider its strategic options and put itself up for sale. (Reporting by Matt Daily, editing by Dave Zimmerman)