Gran Tierra Energy Inc. Director/PDMR Shareholding (7458O)

TIDMGTE

RNS Number : 7458O

Gran Tierra Energy Inc.

04 October 2019

October 4, 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 October 1, 2019 in accordance with the payment of directors' fees for the fourth 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

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                    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                  Deferred Stock Units 
       of the financial 
       instrument,                  Each Deferred Stock Unit represents a contingent 
       type of instrument           right to receive one share of Gran Tierra Energy 
                                    Inc. common stock. 
      Identification               n/a 
       code 
     ---------------------------  --------------------------------------------------- 
 b)   Nature of                    Grant of Deferred Stock Units 
       the transaction 
     ---------------------------  --------------------------------------------------- 
 c)   Price(s)                       PDMR             Price(s)    Volume (s) 
       and volume(s)                  Peter Dey           n/a        34,334 
                                       Evan Hazell        n/a        27,681 
                                       Bob Hodgins        n/a        30,645 
                                       Ron Royal          n/a        34,334 
                                       David Smith        n/a        15,786 
                                       Sondra Scott       n/a        37,177 
                                       Brooke Wade        n/a        34,334 
                                                      ----------  ----------- 
     ---------------------------  --------------------------------------------------- 
 d)              Aggregated          Price(s)    Volume (s) 
                  information         n/a         214,291 
                  - Aggregated                   ----------- 
                  volume 
                  - Price 
 e)   Date of the                  1 October 2019 
       transaction 
 f)   Place of                     Outside a trading venue 
       the 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                  Stock Options 
       of the financial 
       instrument,                  Each Stock Option represents a right to purchase 
       type of instrument           one share of Gran Tierra Energy Inc. common stock 
                                    at the stated exercise price 
      Identification               n/a 
       code 
     ---------------------------  --------------------------------------------------- 
 b)   Nature of                    Grant of Stock Options 
       the transaction 
     ---------------------------  --------------------------------------------------- 
 c)   Price(s)                       PDMR             Price(s)    Volume (s) 
       and volume(s)                  Peter Dey        USD 1.17      10,875 
                                       Evan Hazell     USD 1.17      10,875 
                                       Ron Royal       USD 1.17      10,875 
                                       David Smith     USD 1.17      10,875 
                                       Brooke Wade     USD 1.17      10,875 
                                                     -----------  ----------- 
     ---------------------------  --------------------------------------------------- 
 d)              Aggregated          Price(s)    Volume (s) 
                  information         USD 1.17    54,375 
                  - Aggregated                   ----------- 
                  volume 
                  - Price 
 e)   Date of the                  1 October 2019 
       transaction 
 f)   Place of                     Outside a trading venue 
       the transaction 
     ---------------------------  --------------------------------------------------- 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHLFFFLILLVIIA

(END) Dow Jones Newswires

October 04, 2019 02:00 ET (06:00 GMT)