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


(403) 265-3221

info@grantierra.com

 

 

 

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

       

 


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