REG - Gran Tierra Energy - Director/PDMR Shareholding

Gran Tierra EnergyAnnouncement

06/04/2021 07:05

RNS Number : 4687U
  
Gran Tierra Energy Inc.
  
06 April 2021
  
 

April 6, 2021
 
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 April 1, 2021 in accordance with the payment of directors' fees for the second quarter of 2021. 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




 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Peter Dey, Director
Evan Hazell, Director
Robert Hodgins, Chairman and 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)




Peter Dey
Evan Hazell
Ron Royal
David Smith
Brooke Wade


USD 0.72
USD 0.72
USD 0.72
USD 0.72
USD 0.72
 
 


14,829
14,829
14,829
14,829
14,829
 








d)


Aggregated information
- Aggregated volume
- Price


 



Price(s)


Volume (s)




USD 0.72


74,145



 
 




e)


Date of the transaction


1 April 2021




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
Evan Hazell
Robert Hodgins
Ron Royal
David Smith
Brooke Wade


n/a
n/a
n/a
n/a
n/a
n/a


59,131
47,673
52,777
59,131
27,187
59,131
 








d)


Aggregated information
- Aggregated volume
- Price


 



Price(s)


Volume (s)




n/a


305,030








e)


Date of the transaction


1 April 2021




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Sondra Scott




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
Each Deferred Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock.  The Deferred Stock Units vest in full on award and are paid out at such time as the reporting person ceases to be a member of the Board of Directors of the Issuer.








Identification code


n/a




b)


Nature of the transaction


Change in election of Director's fees from Deferred Stock Units to cash




c)


Price(s) and volume(s)


Effective April 1, 2021, 100% of the Director fees payable to Sondra Scott will be paid in cash




d)


Aggregated information
- Aggregated volume
- Price 


n/a
n/a
n/a
 




e)


Date of the transaction


1 April 2021




f)


Place of the transaction


Outside a trading venue



 

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