REG - PetroTal Corp. - Transaction in Own Shares and Share Issue

PetrotalAnnouncement

Thu 13:30

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RNS Number : 5979Q  PetroTal Corp.  10 July 2025

Transaction in Own Shares, Share Issue and Total Voting Rights

 

Calgary, AB and Houston, TX - July 10, 2025 - PetroTal Corp. ("PetroTal" or
the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces share
purchases under its share buyback programme, the award of shares to employees
and total voting rights.

 

Share Buyback Programme Purchases

 

In accordance with the terms of its share buyback programme announced on 30
May 2025, it has purchased the following number of common shares of no par
value each in the capital of the Company ("Common Shares") through Stifel
Nicolaus Europe Limited ("Stifel").

 

 Date of purchase:                                     9 July 2025
                                                       AIM             TSX        Total
 Aggregate number of Common Shares purchased:          10,679          10,679     21,358
 Lowest price paid per Common Share:                   36.700 pence    0.690 CAD
 Highest price paid per Common Share:                  36.850 pence    0.690 CAD
 Volume weighted average price paid per Common Share:   36.770 pence   0.690 CAD

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation) as in force in the UK by virtue of the European Union
(Withdrawal) Act 2018, detailed information on the individual trades made by
Stifel as part of the buyback programme is set out in the table below.

 

Employee Share Awards

 

PetroTal has issued an aggregate of 38,825 Common Shares to employees pursuant
to its annual obligation to issue vested Performance Share Units under the
Company's performance and restricted share unit plan, as approved by the TSX
Venture Exchange on December 12, 2019. The Common Shares awarded to employees
will be issued out of shares currently held in Treasury.

 

Total Voting Rights

 

Following the repurchase of shares and issuance of shares to employees, the
Company will have 914,513,315 Common Shares of no par value each in issue.
There are no shares held in treasury. Therefore, the total voting rights in
the Company will be 914,513,315.

 

The figure of 914,513,315 may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

 

Buyback programme trade information

 

 Common Shares purchased:  PetroTal Corp. (ISIN: CA71677J1012)
 Date of purchases:        9 July 2025
 Investment firm:          Stifel Nicolaus Europe Limited

 

Individual transactions:

 

 Transaction date and time   Number of shares purchased  Transaction price  Trading venue
 09 July 2025, 10:55 AM BST  5,000                       36.850 pence       OSNL
 09 July 2025, 02:59 PM BST  5,679                       36.700 pence       OSNL
 09 July 2025, 12:55 PM EST  500                         0.690 CAD          ALP
 09 July 2025, 01:57 PM EST  8,500                       0.690 CAD          ALP
 09 July 2025, 01:57 PM EST  1,500                       0.690 CAD          ALP
 09 July 2025, 01:57 PM EST  179                         0.690 CAD          TRI

 

For further information, please contact:

 

ABOUT PETROTAL

 

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX:
PTALF) oil and gas development and production Company domiciled in Calgary,
Alberta, focused on the development of oil assets in Peru.  PetroTal's
flagship asset is its 100% working interest in Bretana oil field in Peru's
Block 95 where oil production was initiated in June 2018.  In early 2022,
PetroTal became the largest crude oil producer in Peru.  The Company's
management team has significant experience in developing and exploring for oil
in Peru and is led by a Board of Directors that is focused on safely and cost
effectively developing the Bretana oil field. It is actively building new
initiatives to champion community sensitive energy production, benefiting all
stakeholders.

 

For further information, please see the Company's website at
www.petrotal-corp.com (http://www.petrotal-corp.com) , the Company's filed
documents at www.sedar.com (http://www.sedar.com) , or below:

 

Camilo McAllister

Executive Vice President and Chief Financial Officer

Cmcallister@PetroTal-Corp.com

T: (713) 253-4997

 

Manolo Zuniga

President and Chief Executive Officer

Mzuniga@PetroTal-Corp.com

T: (713) 609-9101

 

PetroTal Investor Relations

InvestorRelations@PetroTal-Corp.com

 

Celicourt Communications

Mark Antelme / Jimmy Lea

petrotal@celicourt.uk

T : 44 (0) 20 7770 6424

 

Strand Hanson Limited (Nominated & Financial Adviser)

Ritchie Balmer / James Spinney / Robert Collins

T: 44 (0) 207 409 3494

 

Stifel Nicolaus Europe Limited (Joint Broker)

Callum Stewart / Simon Mensley / Ashton Clanfield

T: +44 (0) 20 7710 7600

 

Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
T: +44 (0) 20 7418 8900

 

The information contained within this announcement is considered to be inside
information prior to its release, as defined in Article 7 of the Market Abuse
Regulation No. 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.

 

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