Gran Tierra Energy : Notification of Director / PDMR Shareholding
April 03, 2019 at 04:12 pm EDT
Share
April 3, 2019
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 April 1, 2019 in accordance with the payment of directors' fees for the second quarter of 2019. 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. Stock Options vest over three years 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
Chief Executive Officer
Ryan Ellson
Chief Financial Officer
Rodger Trimble
Vice President, Investor Relations
(403)265-3221info@grantierra.com
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Peter Dey, Director
Evan Hazell, Director
Bob Hodgins, 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 of
Deferred Stock Units
the financial
instrument, type
Each Deferred Stock Unit represents a contingent right to receive one share of Gran Tierra
of instrument
Energy Inc. common stock.
Identification
n/a
code
b)
Nature of the
Grant of Deferred Stock Units
transaction
c)
Price(s) and
volume(s)
PDMR
Price(s)
Volume (s)
Peter Dey
n/a
17,002
Evan Hazell
n/a
13,708
Bob Hodgins
n/a
15,175
Ron Royal
n/a
17,002
David Smith
n/a
7,817
Sondra Scott
n/a
18,410
Brooke Wade
n/a
17,002
d)
Aggregated
information
Price(s)
Volume (s)
- Aggregated
volume
n/a
106,116
- Price
e)
Date of the
1 April 2019
transaction
f)
Place of the
Outside a trading venue
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 of
Stock Options
the financial
instrument, type
Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc.
of instrument
common stock at the stated exercise price
Identification
n/a
code
b)
Nature of the
Grant of Stock Options
transaction
c)
Price(s) and
volume(s)
PDMR
Price(s)
Volume (s)
Peter Dey
USD 2.35
5,473
Evan Hazell
USD 2.35
5,473
Ron Royal
USD 2.35
5,473
David Smith
USD 2.35
5,473
Brooke Wade
USD 2.35
5,473
d)
Aggregated
information
Price(s)
Volume (s)
- Aggregated
volume
USD 2.35
27,365
- Price
e)
Date of the
1 April 2019
transaction
f)
Place of the
Outside a trading venue
transaction
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Disclaimer
Gran Tierra Energy Inc. published this content on 03 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 April 2019 20:11:02 UTC
Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 99% of its production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Companyâs field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 14% respectively, of total company production.