PSU Share Issuance and Total Voting Rights
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Calgary, AB and Houston, TX - January 17, 2025-PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces the issuance of Common Shares to employees pursuant to its Performance Share Unit ("PSU") plan.
PSU Issuance
PetroTal has issued an aggregate of 5,310,656 Common Shares to employees pursuant to the annual obligation to issue vested Performance Share Units under the Company's performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019.
Shares issued to current Directors or Officers of the Company are as follows:
Manolo Pablo Zuniga-Pflucker - President and Chief Executive Officer: 2,409,574 shares (net of withholding taxes)
Further details regarding PetroTal's PSU plan are set out in the Company's Management Information Circular dated May 8, 2024, which is available on SEDAR at www.sedar.com.
Application will be made for a total admission of 5,310,656 Common Shares to trading on AIM ("Admission"), which will rank pari passu with existing Common Shares. This is expected to occur on or around January 23, 2025.
Following Admission, PetroTal will have 916,931,174 common shares issued and there are no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
PDMR Notification Form:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Manuel Pablo Zuniga-Pflucker |
| 2 | Reason for the notification | |
| a) | Position/status | President & Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | PetroTal Corp |
| b) | LEI | 21380047ER33PRH56 |
| a) | Description of the financial instrument, type of instrument Identification code | PetroTal Corp Common Shares ISIN: CA71677J1012 |
| b) | Nature of the transaction | Issuance of Common Shares under the Company's performance and restricted share unit plan |
| c) | Price(s) and volume(s) | Price Volume n/a 2,409,574 |
| d) | Aggregated information - Aggregated volume - Price | n/a n/a |
| e) | Date of the transaction | January 17, 2025 |
| f) | Place of the transaction | n/a |
Camilo McAllister
Executive Vice President and Chief Financial Officer
Manolo Zuniga
President and Chief Executive Officer
PetroTal Investor Relations
Celicourt Communications
Mark Antelme / Jimmy Lea
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / James Spinney / Robert Collins
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart / Simon Mensley / Ashton Clanfield
Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown / Georgia Langoulant
READER ADVISORIES
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