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
(403) 265-3221
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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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 |
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2 |
Reason for the notification |
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a) |
Position/status |
See 1 a) above |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Gran Tierra Energy Inc. |
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b) |
LEI |
549300IH2S17MAIUCM32 |
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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 |
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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.
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Identification code |
n/a |
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b) |
Nature of the transaction |
Vesting and Cash Settlement of Performance Stock Units |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
14 February 2020 |
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f) |
Place of the transaction |
Outside a trading venue |
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