Gran Tierra Energy Inc. Director/PDMR Shareholding (0238B)
October 05 2020 - 1:00AM
UK Regulatory
TIDMGTE
RNS Number : 0238B
Gran Tierra Energy Inc.
05 October 2020
October 5, 2020
Gran Tierra Energy Inc.
(the "Company")
Notification of Transactions in the Company's Shares by Director
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 PDMRs effective October 1, 2020 in accordance with the
payment of directors' fees for the fourth quarter of 2020. 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
Sondra Scott, Director
Brooke Wade, Director
------------------------ ------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status See 1 a) above
------------------------ ------------------------------------------------------
b) Initial Initial notification
notification
/Amendment
------------------------ ------------------------------------------------------
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 Deferred Stock Units
of the financial
instrument, Each Deferred Stock Unit represents a contingent
type of instrument right to receive one share of Gran Tierra Energy
Inc. common stock.
Identification n/a
code
--------------------------- ---------------------------------------------------
b) Nature of Grant of Deferred Stock Units
the transaction
--------------------------- ---------------------------------------------------
c) Price(s) PDMR Price(s) Volume (s)
and volume(s) Peter Dey n/a 177,395
Evan Hazell n/a 143,020
Robert Hodgins n/a 158,333
Ron Royal n/a 177,395
David Smith n/a 81,562
Sondra Scott n/a 192,083
Brooke Wade n/a 177,395
---------- -----------
--------------------------- ---------------------------------------------------
d) Aggregated Price(s) Volume (s)
information n/a 1,107,183
- Aggregated -----------
volume
- Price
e) Date of the 1 October 2020
transaction
f) Place of Outside a trading venue
the transaction
--------------------------- ---------------------------------------------------
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 Stock Options
of the financial
instrument, Each Stock Option represents a right to purchase
type of instrument one share of Gran Tierra Energy Inc. common stock
at the stated exercise price
Identification n/a
code
--------------------------- ---------------------------------------------------
b) Nature of Grant of Stock Options
the transaction
--------------------------- ---------------------------------------------------
c) Price(s) PDMR Price(s) Volume (s)
and volume(s) Peter Dey USD 0.23 47,977
Evan Hazell USD 0.23 47,977
Ron Royal USD 0.23 47,977
David Smith USD 0.23 47,977
Brooke Wade USD 0.23 47,977
----------- -----------
--------------------------- ---------------------------------------------------
d) Aggregated Price(s) Volume (s)
information USD 0.23 239,885
- Aggregated -----------
volume
- Price
--------------------------- ---------------------------------------------------
e) Date of the 1 October 2020
transaction
--------------------------- ---------------------------------------------------
f) Place of Outside a trading venue
the transaction
--------------------------- ---------------------------------------------------
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END
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