TIDMGTE

RNS Number : 9842N

Gran Tierra Energy Inc.

05 October 2021

October 5, 2021

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 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 certain PDMRs effective October 1, 2021 in accordance with the payment of directors' fees for the fourth quarter of 2021. 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

(403) 265-3221

info@grantierra.com

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Peter Dey, Director 
                                  Ron Royal, Director 
                                  David Smith, Director 
                                  Brooke Wade, Director 
     -------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status            See 1 a) above 
     -------------------------  --------------------------------------------------- 
 b)   Initial notification       Initial 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                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 0.76      13,824 
                                     Ron Royal       USD 0.76      13,824 
                                     David Smith     USD 0.76      13,824 
                                     Brooke Wade     USD 0.76      13,824 
                                                   -----------  ----------- 
     -------------------------  --------------------------------------------------- 
 d)              Aggregated        Price(s)    Volume (s) 
                  information       USD 0.76    55,296 
                  - Aggregated                 ----------- 
                  volume 
                  - Price 
     -------------------------  --------------------------------------------------- 
 e)   Date of the                1 October 2021 
       transaction 
     -------------------------  --------------------------------------------------- 
 f)   Place of                   Outside a trading venue 
       the transaction 
     -------------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Peter Dey, Director 
                                  Evan Hazell, Director 
                                  Robert Hodgins, Director 
                                  Alison Redford, Director 
                                  Ron Royal, Director 
                                  David Smith, Director 
                                  Brooke Wade, Director 
     -------------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status            See 1 a) above 
     -------------------------  -------------------------------------------------- 
 b)   Initial notification       Initial 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        55,436 
                                     Evan Hazell          n/a        49,609 
                                     Robert Hodgins       n/a        49,479 
                                     Alison Redford       n/a        41,861 
                                     Ron Royal            n/a        55,436 
                                     David Smith          n/a        25,488 
                                     Brooke Wade          n/a        55,436 
                                                      ----------  ----------- 
     -------------------------  -------------------------------------------------- 
 d)              Aggregated        Price(s)    Volume (s) 
                  information       n/a         332,745 
                  - Aggregated                 ----------- 
                  volume 
                  - Price 
     -------------------------  -------------------------------------------------- 
 e)   Date of the                1 October 2021 
       transaction 
     -------------------------  -------------------------------------------------- 
 f)   Place of                   Outside a trading venue 
       the transaction 
     -------------------------  -------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Alison Redford 
     ---------------------  --------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status        Director 
     ---------------------  --------------------------------------------------- 
 b)   Initial notification   Initial 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       Each Deferred Stock Unit represents a contingent 
       instrument,            right to receive one share of Gran Tierra Energy 
       type of instrument     Inc. common stock. The Deferred Stock Units vest 
                              in full on award and are paid out at such time as 
                              the reporting person ceases to be a member of the 
                              Board of Directors of the Issuer. 
      Identification         n/a 
       code 
     ---------------------  --------------------------------------------------- 
 b)   Nature of              Election for payment of Director's fees 
       the transaction 
     ---------------------  --------------------------------------------------- 
 c)   Price(s)               n/a 
       and volume(s) 
     ---------------------  --------------------------------------------------- 
 d)   Aggregated             Effective October 1, 2021, Director's fees payable 
       information            to Alison Redford to be paid as: 
       - Aggregated           Cash Retainer - 55% Deferred Stock Units and 45% 
       volume                 Cash 
       - Price                Committee Fees - 100% Cash 
                              Equity Retainer - 100% Deferred Stock Units 
     ---------------------  --------------------------------------------------- 
 e)   Date of the            1 October 2021 
       transaction 
     ---------------------  --------------------------------------------------- 
 f)   Place of               Outside a trading venue 
       the transaction 
     ---------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Evan Hazell 
     ---------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status        Director 
     ---------------------  ------------------------------------------------------- 
 b)   Initial notification   Initial 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. The Deferred Stock Units vest 
                              in full on award and are paid out at such time as 
                              the reporting person ceases to be a member of the 
                              Board of Directors of the Issuer. 
      Identification         n/a 
       code 
     ---------------------  ------------------------------------------------------- 
 b)   Nature of              Change in election of payment of Director's fees 
       the transaction 
     ---------------------  ------------------------------------------------------- 
 c)   Price(s)               n/a 
       and volume(s) 
     ---------------------  ------------------------------------------------------- 
 d)   Aggregated             Effective October 1, 2021, the Director's fees payable 
       information            to Evan Hazell to be paid as: 
       - Aggregated           Cash Retainer - 100% Cash 
       volume                 Committee Fees - 100% Deferred Stock Units 
       - Price                Equity Retainer - 100% Deferred Stock Units 
     ---------------------  ------------------------------------------------------- 
 e)   Date of the            1 October 2021 
       transaction 
     ---------------------  ------------------------------------------------------- 
 f)   Place of               Outside a trading venue 
       the transaction 
     ---------------------  ------------------------------------------------------- 
 

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END

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