Director/PDMR Shareholding

RNS Number : 7609Y

Gran Tierra Energy Inc.

06 January 2020

 

January 6, 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 January 1, 2020 in accordance with the payment of directors' fees for the first 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

[phone]

[e-mail]

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 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		Deferred Stock Units Each Deferred 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		Grant of Deferred Stock Units
c)	Price(s) and volume(s)		PDMR Price(s) Volume (s) Peter Dey Evan Hazell Bob Hodgins Ron Royal David Smith Sondra Scott Brooke Wade n/a n/a n/a n/a n/a n/a n/a 31,677 25,539 28,273 31,677 14,564 34,300 31,677
d)	Aggregated information - Aggregated volume - Price		Price(s) Volume (s) n/a 197,707
e)	Date of the transaction		1 January 2020
f)	Place of the transaction		Outside a trading venue
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		Stock Options Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc. common stock at the stated exercise price
	Identification code		n/a
b)	Nature of the transaction		Grant of Stock Options
c)	Price(s) and volume(s)		PDMR Price(s) Volume (s) Peter Dey Evan Hazell Ron Royal David Smith Brooke Wade USD 1.29 USD 1.29 USD 1.29 USD 1.29 USD 1.29 10,195 10,195 10,195 10,195 10,195
d)	Aggregated information - Aggregated volume - Price		Price(s) Volume (s) USD 1.29 50,975
e)	Date of the transaction		1 January 2020
f)	Place of the transaction		Outside a trading venue

 

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