For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240104:nRSD7136Ya&default-theme=true
RNS Number : 7136Y Gran Tierra Energy Inc. 04 January 2024
January 4, 2024
Gran Tierra Energy Inc.
(the "Company")
Notification of Transactions in the Company's Shares by Directors and Persons
Discharging Managerial Responsibility
The Company announces the following transactions in the Company's common
shares, Deferred Stock Units and Stock Options undertaken by directors /
persons discharging managerial responsibility ("PDMRs").
Deferred Stock Units ("DSUs") and Stock Options have been granted to certain
PDMRs effective January 1, 2024 in accordance with the payment of directors'
fees for the first quarter of 2024. Each DSU represents a contingent right to
receive one share of the Company's common stock. The DSUs vest in full on
award and are paid out at such time as the director ceases to be a member of
the Board of Directors of the Company. Each Stock Option permits the holder
to purchase one share of common stock of the Company at the stated exercise
price. The exercise price equals the market price of a share of common stock
at the time of grant. The Stock Options vest immediately and expire five years
from the date of issue.
The notification set out below is provided in accordance with the requirement
of Article 19 of the EU Market Abuse Regulation.
Contact Information:
Gary Guidry
President and Chief Executive Officer
Ryan Ellson
Executive Vice President and Chief Financial Officer
Rodger Trimble
Vice President, Investor Relations
(403) 265-3221
info@grantierra.com (mailto:info@grantierra.com)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Peter Dey, Director
Evan Hazell, Director
Robert Hodgins, Chairman and Director
Alison Redford, Director
Ron Royal, Director
David Smith, Director
Brooke Wade, Director
2 Reason for the notification
a) Position/status See 1 a) above
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gran Tierra Energy Inc.
b) LEI 549300IH2S17MAIUCM32
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Stock Options
Each Stock Option represents a right to purchase one share of Gran Tierra
Energy Inc. common stock at the stated exercise price
Identification code n/a
b) Nature of the transaction Grant of Stock Options
c) Price(s) and volume(s)
PDMR Price(s) Volume (s)
David Smith USD 5.64 1,970
d) Aggregated information
Price(s) Volume (s)
- Aggregated volume USD 5.64 1,970
- Price
e) Date of the transaction 1 January 2024
f) Place of the transaction Outside a trading venue
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Deferred Stock Units
Each Deferred Stock Unit represents a contingent right to receive one share of
Gran Tierra Energy Inc. common stock.
Identification code n/a
b) Nature of the transaction Grant of Deferred Stock Units
c) Price(s) and volume(s)
PDMR Price(s) Volume (s)
Peter Dey n/a 4,585
Evan Hazell n/a 7,340
Robert Hodgins n/a 6,324
Alison Redford n/a 6,349
Ron Royal n/a 8,713
Brooke Wade n/a 9,171
d) Aggregated information
Price(s) Volume (s)
- Aggregated volume n/a 42,482
- Price
e) Date of the transaction 1 January 2024
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ron Royal
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gran Tierra Energy Inc.
b) LEI 549300IH2S17MAIUCM32
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Deferred Stock Units and Stock Options
Each Deferred Stock Unit represents a contingent right to receive one share of
Gran Tierra Energy Inc. common stock.
Identification code
Each Stock Option represents a right to purchase one share of Gran Tierra
Energy Inc. common stock at the stated exercise price.
n/a
b) Nature of the transaction Change in election of Director's fees from Stock Options and Deferred Stock
Units to Deferred Stock Units and cash
c) Price(s) and volume(s) Effective January 1, 2024, 75% of the Director fees payable to Ron Royal will
be paid in Deferred Stock Units and 25% will be paid in cash
d) Aggregated information n/a
- Aggregated volume
- Price n/a
n/a
e) Date of the transaction 1 January 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume (s)
USD 5.64 1,970
e)
Date of the transaction
1 January 2024
f)
Place of the transaction
Outside a trading venue
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Deferred Stock Units
Each Deferred Stock Unit represents a contingent right to receive one share of
Gran Tierra Energy Inc. common stock.
Identification code
n/a
b)
Nature of the transaction
Grant of Deferred Stock Units
c)
Price(s) and volume(s)
PDMR Price(s) Volume (s)
Peter Dey n/a 4,585
Evan Hazell n/a 7,340
Robert Hodgins n/a 6,324
Alison Redford n/a 6,349
Ron Royal n/a 8,713
Brooke Wade n/a 9,171
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume (s)
n/a 42,482
e)
Date of the transaction
1 January 2024
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely
associated
a)
Name
Ron Royal
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Gran Tierra Energy Inc.
b)
LEI
549300IH2S17MAIUCM32
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Deferred Stock Units and Stock Options
Each Deferred Stock Unit represents a contingent right to receive one share of
Gran Tierra Energy Inc. common stock.
Each Stock Option represents a right to purchase one share of Gran Tierra
Energy Inc. common stock at the stated exercise price.
n/a
b)
Nature of the transaction
Change in election of Director's fees from Stock Options and Deferred Stock
Units to Deferred Stock Units and cash
c)
Price(s) and volume(s)
Effective January 1, 2024, 75% of the Director fees payable to Ron Royal will
be paid in Deferred Stock Units and 25% will be paid in cash
d)
Aggregated information
- Aggregated volume
- Price
n/a
n/a
n/a
e)
Date of the transaction
1 January 2024
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFLFLDLTISIIS