REG - Gran Tierra Energy i3 Energy PLC - Form 8 (OPD) - i3 Energy PLC
30/08/2024 18:15
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RNS Number : 4056C Gran Tierra Energy Inc. 30 August 2024
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Gran Tierra Energy Inc.
(b) Owner or controller of interests and short positions disclosed, if n/a
different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a
trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form i3 Energy PLC
relates:
Use a separate form for each offeror/offeree
(d) Is the discloser the offeror or the offeree? Offeror
(e) Date position held: 29 August 2024
The latest practicable date prior to the disclosure
(f) In addition to the company in 1(c) above, is the discloser making NO
disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Common stock with a par value of US$0.001
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: Nil - Nil -
(2) Cash-settled derivatives: Nil - Nil -
(3) Stock-settled derivatives (including options) and agreements to Nil - Nil -
purchase/sell:
Nil - Nil -
TOTAL:
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: n/a
Details, including nature of the rights concerned and relevant percentages: n/a
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO
THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including
directors' and other employee options) of any person acting in concert with
the party to the offer making the disclosure:
(a) interests held by the directors of Gran Tierra Energy Inc and their close
relatives and related trusts
Position Number of Gran Tierra Energy Inc. Shares % total issued share capital of Gran Tierra
Name
Peter Dey Board member 2,000 0.00%
Evan Hazell Board member 5,500 0.02%
Robert Hodgins Chairman 2,000 0.00%
Ronald Royal Board member 19,967 0.07%
David Smith Board member 55,500 0.18%
Brooke Wade Board member 213,360 0.70%
Gary Guidry President and Chief Executive Officer 424,369 1.38%
(b) Options and awards held by directors of Gran Tierra Energy Inc
Share purchase options
Gran Tierra Director Grant Date Exercise Price Number of Shares Expiry Date
Gary Guidry 28-Feb-2020 $7.70 97,674 28 February 2025
01-Mar-2021 $8.20 68,853 1 March 2026
24-Feb-2022 $14.20 37,500 24 February 2027
23-Feb-2023 $8.60 53,165 23 February 2028
Peter Dey 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 1,970 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
01-Jan-2023 $9.90 906 1 January 2028
David Smith 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 2,417 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
01-Jan-2023 $9.90 906 1 January 2028
01-Apr-2023 $8.80 1,020 1 April 2028
01-Jul-2023 $5.03 1,808 1 July 2028
01-Oct-2023 $6.94 1,276 1 October 2028
01-Jan-2024 $5.64 1,970 1 January 2029
01-Apr-2024 $7.20 1,508 1 April 2029
01-Jul-2024 $9.61 1,118 1 July 2029
Ronald Royal 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 1,970 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
Evan Hazell 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 2,417 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
Brooke Wade 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 1,970 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
Alison Redford 01-Sep-2021 $5.40 8,500 1 September 2026
01-Jul-2022 $11.50 1,682 1 July 2027
01-Oct-2022 $12.10 1,470 1 October 2027
01-Jan-2023 $9.90 1,813 1 January 2028
Deferred stock unit awards
Gran Tierra Director Number of Gran Tierra Energy Inc. Shares under Date of Grant Exercise Price Range (USD)
Option
Peter Dey 133,284 Quarterly from 1 January 2016 to 1 July 2024 N/A
Evan Hazell 126,521 Quarterly from 1 January 2016 to 1 July 2024 N/A
Robert Hodgins 132,794 Quarterly from 1 January 2016 to 1 July 2024 N/A
Alison Redford 44,976 Quarterly from 1 October 2021 to 1 July 2024 N/A
Ronald Royal 153,869 Quarterly from 1 January 2016 to 1 July 2024 N/A
Sondra Scott 75,579 Quarterly from 1 October 2017 to 1 January 2021 N/A
David Smith 45,438 Quarterly from 1 January 2016 to 1 January 2022 N/A
Brooke Wade 158,543 Quarterly from 1 January 2016 to 1 July 2024 N/A
Restricted stock unit awards
Gran Tierra Director Number of Gran Tierra Energy Inc. Shares under Date of grant Dates of vesting Exercise Price Range (USD)
Option
Gary Guidry 75,067 22 February 2024 1/3 on 22 February 2025 N/A
1/3 on 22 February 2026
1/3 on 22 February 2027
Performance stock unit awards
Gran Tierra Director Number of Gran Tierra Energy Inc. Shares under Dates of grant Date of Vesting Exercise Price Range (USD)
Option
Gary Guidry 92,308 24 February 2022 31 December 2024 N/A
143,590 23 February 2023 31 December 2025 N/A
300,268 22 February 2024 31 December 2026 N/A
(b) Options and awards held by directors of Gran Tierra Energy Inc
Share purchase options
Gran Tierra Director Grant Date Exercise Price Number of Shares Expiry Date
Gary Guidry 28-Feb-2020 $7.70 97,674 28 February 2025
01-Mar-2021 $8.20 68,853 1 March 2026
24-Feb-2022 $14.20 37,500 24 February 2027
23-Feb-2023 $8.60 53,165 23 February 2028
Peter Dey 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 1,970 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
01-Jan-2023 $9.90 906 1 January 2028
David Smith 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 2,417 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
01-Jan-2023 $9.90 906 1 January 2028
01-Apr-2023 $8.80 1,020 1 April 2028
01-Jul-2023 $5.03 1,808 1 July 2028
01-Oct-2023 $6.94 1,276 1 October 2028
01-Jan-2024 $5.64 1,970 1 January 2029
01-Apr-2024 $7.20 1,508 1 April 2029
01-Jul-2024 $9.61 1,118 1 July 2029
Ronald Royal 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 1,970 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
Evan Hazell 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 2,417 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
Brooke Wade 01-Oct-2019 $11.70 1,088 1 October 2024
01-Jan-2020 $12.90 1,020 1 January 2025
01-Apr-2020 $2.30 4,798 1 April 2025
01-Jul-2020 $3.50 1,970 1 July 2025
01-Oct-2020 $2.30 4,798 1 October 2025
01-Jan-2021 $3.60 3,021 1 January 2026
01-Apr-2021 $7.20 1,483 1 April 2026
01-Jul-2021 $7.80 1,382 1 July 2026
01-Oct-2021 $7.60 1,382 1 October 2026
03-Jan-2022 $7.60 1,359 3 January 2027
01-Apr-2022 $15.70 647 1 April 2027
01-Jul-2022 $11.50 841 1 July 2027
01-Oct-2022 $12.10 735 1 October 2027
Alison Redford 01-Sep-2021 $5.40 8,500 1 September 2026
01-Jul-2022 $11.50 1,682 1 July 2027
01-Oct-2022 $12.10 1,470 1 October 2027
01-Jan-2023 $9.90 1,813 1 January 2028
Deferred stock unit awards
Gran Tierra Director Number of Gran Tierra Energy Inc. Shares under Date of Grant Exercise Price Range (USD)
Option
Peter Dey 133,284 Quarterly from 1 January 2016 to 1 July 2024 N/A
Evan Hazell 126,521 Quarterly from 1 January 2016 to 1 July 2024 N/A
Robert Hodgins 132,794 Quarterly from 1 January 2016 to 1 July 2024 N/A
Alison Redford 44,976 Quarterly from 1 October 2021 to 1 July 2024 N/A
Ronald Royal 153,869 Quarterly from 1 January 2016 to 1 July 2024 N/A
Sondra Scott 75,579 Quarterly from 1 October 2017 to 1 January 2021 N/A
David Smith 45,438 Quarterly from 1 January 2016 to 1 January 2022 N/A
Brooke Wade 158,543 Quarterly from 1 January 2016 to 1 July 2024 N/A
Restricted stock unit awards
Gran Tierra Director Number of Gran Tierra Energy Inc. Shares under Date of grant Dates of vesting Exercise Price Range (USD)
Option
Gary Guidry 75,067 22 February 2024 1/3 on 22 February 2025 N/A
1/3 on 22 February 2026
1/3 on 22 February 2027
Performance stock unit awards
Gran Tierra Director Number of Gran Tierra Energy Inc. Shares under Dates of grant Date of Vesting Exercise Price Range (USD)
Option
Gary Guidry 92,308 24 February 2022 31 December 2024 N/A
143,590 23 February 2023 31 December 2025 N/A
300,268 22 February 2024 31 December 2026 N/A
Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the party to
the offer making the disclosure or any person acting in concert with it:
Irrevocable commitments and letters of intent should not be included. If there
are no such agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to
options or derivatives
Details of any agreement, arrangement or understanding, formal or informal,
between the party to the offer making the disclosure, or any person acting in
concert with it, and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
Date of disclosure: 29 August 2024
Contact name: Phillip Abraham
Telephone number: +1 (403) 698-7918
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
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