10th Jul 2025 13:20
Transaction in Own Shares, Share Issue and Total Voting Rights
Calgary, AB and Houston, TX - July 10, 2025 - PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces share purchases under its share buyback programme, the award of shares to employees and total voting rights.
Share Buyback Programme Purchases
In accordance with the terms of its share buyback programme announced on 30 May 2025, 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").
Date of purchase: | 9 July 2025 | ||
AIM | TSX | Total | |
Aggregate number of Common Shares purchased: | 10,679 | 10,679 | 21,358 |
Lowest price paid per Common Share: | 36.700 pence | 0.690 CAD | |
Highest price paid per Common Share: | 36.850 pence | 0.690 CAD | |
Volume weighted average price paid per Common Share: | 36.770 pence | 0.690 CAD | |
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, detailed information on the individual trades made by Stifel as part of the buyback programme is set out in the table below.
Employee Share Awards
PetroTal has issued an aggregate of 38,825 Common Shares to employees pursuant to its 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. The Common Shares awarded to employees will be issued out of shares currently held in Treasury.
Total Voting Rights
Following the repurchase of shares and issuance of shares to employees, the Company will have 914,513,315 Common Shares of no par value each in issue. There are no shares held in treasury. Therefore, the total voting rights in the Company will be 914,513,315.
The figure of 914,513,315 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.
Buyback programme trade information
Common Shares purchased: | PetroTal Corp. (ISIN: CA71677J1012) |
Date of purchases: | 9 July 2025 |
Investment firm: | Stifel Nicolaus Europe Limited |
Individual transactions:
Transaction date and time | Number of shares purchased | Transaction price | Trading venue |
09 July 2025, 10:55 AM BST | 5,000 | 36.850 pence | OSNL |
09 July 2025, 02:59 PM BST | 5,679 | 36.700 pence | OSNL |
09 July 2025, 12:55 PM EST | 500 | 0.690 CAD | ALP |
09 July 2025, 01:57 PM EST | 8,500 | 0.690 CAD | ALP |
09 July 2025, 01:57 PM EST | 1,500 | 0.690 CAD | ALP |
09 July 2025, 01:57 PM EST | 179 | 0.690 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
T: (713) 253-4997
Manolo Zuniga
President and Chief Executive Officer
T: (713) 609-9101
PetroTal Investor Relations
Celicourt Communications
Mark Antelme / Jimmy Lea
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.
Related Shares:
PetroTal