PetroTal Corp. Transaction in Own Shares
March 22 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8757H
PetroTal Corp.
22 March 2024
Transaction in Own Shares
Calgary, AB and Houston, TX - March 22, 2024
- PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and
OTCQX: PTALF), announces
that, in accordance with the terms of its
share buyback programme announced on 16 May 2023, 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"). The
repurchased shares will be cancelled.
Date of purchase:
|
21 March 2024
|
|
|
AIM
|
TSX
|
Total
|
Aggregate number of Common Shares
purchased:
|
56,444
|
56,444
|
112,888
|
Lowest price paid per Common
Share:
|
45.000
pence
|
0.780
CAD
|
|
Highest price paid per Common
Share:
|
44.700
pence
|
0.790
CAD
|
|
Volume weighted average price paid
per Common Share:
|
45.319
pence
|
0.788
CAD
|
|
Following the cancellation of the
repurchased shares, the Company will have no Common Shares in
treasury and 914,139,390 Common Shares (excluding treasury shares)
of no par value each in issue. Therefore, the total voting rights
in the Company will be 914,139,390.
The figure of 914,139,390 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.
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, the table below contains detailed
information of the individual trades made by Stifel as part of the
buyback programme.
Schedule of purchases:
Common Shares purchased:
|
PetroTal Corp. (ISIN:
CA71677J1012)
|
Date of purchases:
|
21 March 2024
|
Investment firm:
|
Stifel Nicolaus Europe
Limited
|
Individual transactions:
Transaction date and time
|
Number of
shares purchased
|
Transaction price
|
Trading
venue
|
21 March
2024, 09:15 AM GMT
|
25,000
|
45.400
pence
|
OMAR
|
21 March
2024, 10:05 AM GMT
|
11,444
|
45.700
pence
|
OMAR
|
21 March
2024, 12:02 PM GMT
|
20,000
|
45.000
pence
|
OMAR
|
21 March
2024, 12:48 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 12:48 PM EST
|
444
|
0.780
CAD
|
TRI
|
21 March
2024, 12:50 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 12:52 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 12:55 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 12:57 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 12:58 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:00 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:01 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:03 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:03 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:04 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:08 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:10 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:11 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:11 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:12 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 01:15 PM EST
|
500
|
0.780
CAD
|
OMG
|
21 March
2024, 02:10 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:14 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:29 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:30 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:30 PM EST
|
500
|
0.790
CAD
|
OMG
|
21 March
2024, 02:31 PM EST
|
500
|
0.790
CAD
|
OMG
|
21 March
2024, 02:31 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:32 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:33 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:34 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 02:35 PM EST
|
1,000
|
0.790
CAD
|
OMG
|
21 March
2024, 03:20 PM EST
|
2,000
|
0.790
CAD
|
OMG
|
21 March
2024, 03:20 PM EST
|
2,500
|
0.790
CAD
|
OMG
|
21 March
2024, 03:27 PM EST
|
8,000
|
0.790
CAD
|
OMG
|
21 March
2024, 03:28 PM EST
|
13,000
|
0.790
CAD
|
OMG
|
21 March
2024, 03:28 PM EST
|
7,000
|
0.790
CAD
|
OMG
|
21 March
2024, 03:28 PM EST
|
500
|
0.790
CAD
|
OMG
|
21 March
2024, 03:28 PM EST
|
4,500
|
0.790
CAD
|
OMG
|
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,
the Company's filed documents at www.sedar.com,
or below:
Douglas Urch
Executive Vice President and Chief Financial
Officer
Durch@PetroTal-Corp.com
T: (713) 609-9101
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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