Transaction in Own
Shares
Calgary, AB and Houston, TX - November 29, 2024
- PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and
OTCQX: PTALF), announces
that, in accordance with the terms of its
share buyback programme announced on 23 May 2024, it has purchased
the following number of common shares of no par value each in the
capital of the Company ("Common Shares") through Stifel Nicolaus Europe Limited
("Stifel"). The
repurchased shares will be cancelled.
|
Date of purchase:
|
28 November 2024
|
|
|
|
AIM
|
TSX
|
Total
|
|
Aggregate number of Common Shares
purchased:
|
15,057
|
15,057
|
30,114
|
|
Lowest price paid per Common
Share:
|
35.050 pence
|
0.650 CAD
|
|
|
Highest price paid per Common
Share:
|
35.490 pence
|
0.650 CAD
|
|
|
Volume weighted average price paid
per Common Share:
|
35.271 pence
|
0.650 CAD
|
|
Following the cancellation of the
repurchased shares, the Company will have no Common Shares in
treasury and 912,246,392 Common Shares
(excluding treasury shares) of no par value each in issue.
Therefore, the total voting rights in the Company will be
912,246,392.
The figure of 912,246,392
may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b)
of Regulation (EU) No 596/2014 (the Market Abuse Regulation)
as in force in the UK by virtue of the European
Union (Withdrawal) Act 2018, the table below contains detailed
information of the individual trades made by Stifel as part of the
buyback programme.
Schedule of purchases:
|
Common Shares purchased:
|
PetroTal Corp. (ISIN:
CA71677J1012)
|
|
Date of purchases:
|
28 November 2024
|
|
Investment firm:
|
Stifel Nicolaus Europe
Limited
|
Individual transactions:
|
Transaction date and time
|
Number of
shares purchased
|
Transaction price
|
Trading
venue
|
|
28
November 2024, 11:24 AM GMT
|
7,500
|
35.050
GBp
|
OMAR
|
|
28
November 2024, 03:28 PM GMT
|
7,557
|
35.490
GBp
|
OMAR
|
|
28
November 2024, 02:58 PM EST
|
6,000
|
0.650
CAD
|
OMG
|
|
28
November 2024, 02:58 PM EST
|
3,000
|
0.650
CAD
|
OMG
|
|
28
November 2024, 02:58 PM EST
|
6,000
|
0.650
CAD
|
OMG
|
|
28
November 2024, 02:58 PM EST
|
57
|
0.650
CAD
|
TRI
|
For further information, please
contact:
ABOUT PETROTAL
PetroTal is a publicly traded,
tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas
development and production Company domiciled in Calgary, Alberta,
focused on the development of oil assets in Peru. PetroTal's
flagship asset is its 100% working interest in Bretana oil field in
Peru's Block 95 where oil production was initiated in June
2018. In early 2022, PetroTal became the largest crude oil
producer in Peru. The Company's management team has
significant experience in developing and exploring for oil in Peru
and is led by a Board of Directors that is focused on safely and
cost effectively developing the Bretana oil field. It is actively
building new initiatives to champion community sensitive energy
production, benefiting all stakeholders.
For further information, please see
the Company's website at www.petrotal-corp.com,
the Company's filed documents at www.sedar.com, or below:
Camilo McAllister
Executive Vice President and Chief Financial
Officer
Cmcallister@PetroTal-Corp.com
T: (713) 253-4997
Manolo Zuniga
President and Chief Executive Officer
Mzuniga@PetroTal-Corp.com
T: (713) 609-9101
PetroTal Investor Relations
InvestorRelations@PetroTal-Corp.com
Celicourt Communications
Mark Antelme / Jimmy Lea
petrotal@celicourt.uk
T : 44 (0) 20 7770 6424
Strand Hanson Limited (Nominated & Financial
Adviser)
Ritchie Balmer / James Spinney /
Robert Collins
T: 44 (0) 207 409 3494
Stifel Nicolaus Europe Limited (Joint
Broker)
Callum Stewart / Simon Mensley /
Ashton Clanfield
T: +44 (0) 20 7710 7600
Peel Hunt LLP (Joint Broker)
Richard Crichton / David McKeown
/ Georgia Langoulant
T: +44 (0) 20 7418 8900
The
information contained within this announcement is considered to be
inside information prior to its release, as defined in Article 7 of
the Market Abuse Regulation No. 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act
2018.
