Director/PDMR Shareholding

RNS Number : 1300D

Gran Tierra Energy Inc.

18 February 2020

 

February 18, 2020

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 Performance Stock Units undertaken by directors / persons discharging managerial responsibility.

Performance Stock Units (PSUs) granted to Executives on March 2, 2017 have vested and have been paid out to participants on February 14, 2020.  The original grants of PSUs were adjusted by a performance factor of 1.07 and the payment was based on the closing price of the Company's shares on December 31, 2019.

The Notification of Dealing Form for the vesting and payment of the PSUs for PDMRs can be found below.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Contact Information:

Gary Guidry
President and Chief Executive Officer

Ryan Ellson
Executive Vice President and Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gary Guidry, President and Chief Executive Officer Ryan Ellson, Executive Vice President and Chief Financial Officer Jim Evans, Vice President, Corporate Services Glen Mah, Vice President, Exploration, Ecuador Rodger Trimble, Vice President, Investor Relations Lawrence West, Vice President, Exploration
2	Reason for the notification
a)	Position/status	See 1 a) above
b)	Initial notification /Amendment	Initial notification
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 the financial instrument, type of instrument		Performance Stock Units Each Performance Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock.
	Identification code		n/a
b)	Nature of the transaction		Vesting and Cash Settlement of Performance Stock Units
c)	Price(s) and volume(s)		PDMR Price(s) Volume (s) Gary Guidry Ryan Ellson Jim Evans Glen Mah Rodger Trimble Lawrence West USD 1.29 USD 1.29 USD 1.29 USD 1.29 USD 1.29 USD 1.29 325,600 235,800 139,500 139,500 139,500 139,500
d)	Aggregated information - Aggregated volume - Price		Price(s) Volume (s) USD 1.29 1,119,400
e)	Date of the transaction		14 February 2020
f)	Place of the transaction		Outside a trading venue

 

END

 

 

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