Gran Tierra Energy Inc. Director/PDMR Shareholding (7136Y)
January 04 2024 - 11:22AM
UK Regulatory
TIDMGTE
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
Details of the person discharging managerial responsibilities
1 / 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
------------------------- -----------------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------
a) Position/status See 1 a) above
------------------------- -----------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Gran Tierra Energy Inc.
------------------------- -----------------------------------------------------
b) LEI 549300IH2S17MAIUCM32
------------------------- -----------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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) David Smith USD 5.64 1,970
---------- -----------
------------------------- -----------------------------------------------------
d) Aggregated Price(s) Volume (s)
information USD 5.64 1,970
- Aggregated -----------
volume
- Price
------------------------- -----------------------------------------------------
e) Date of the 1 January 2024
transaction
------------------------- -----------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------------- -----------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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 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 Price(s) Volume (s)
information n/a 42,482
- Aggregated -----------
volume
- Price
------------------------- -----------------------------------------------------
e) Date of the 1 January 2024
transaction
------------------------- -----------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------------- -----------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
--------------------------------------------------------------------------------
a) Name Ron Royal
------------------------- -----------------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------
a) Position/status Director
------------------------- -----------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Gran Tierra Energy Inc.
------------------------- -----------------------------------------------------
b) LEI 549300IH2S17MAIUCM32
------------------------- -----------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4 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 and Stock Options
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 Each Stock Option represents a right to purchase
code one share of Gran Tierra Energy Inc. common stock
at the stated exercise price.
n/a
------------------------- -----------------------------------------------------
b) Nature of Change in election of Director's fees from Stock
the transaction Options and Deferred Stock Units to Deferred Stock
Units and cash
------------------------- -----------------------------------------------------
c) Price(s) Effective January 1, 2024, 75% of the Director fees
and volume(s) payable to Ron Royal will be paid in Deferred Stock
Units and 25% will be paid in cash
------------------------- -----------------------------------------------------
d) Aggregated n/a
information
- Aggregated n/a
volume
- Price n/a
------------------------- -----------------------------------------------------
e) Date of the 1 January 2024
transaction
------------------------- -----------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------------- -----------------------------------------------------
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END
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