- PetroTal (TAL) issues equity vested through PSU plan and TVR
- The company has issued an aggregate of 3,103,716 common shares to employees including 1,645,267 shares to a person discharging managerial responsibilities
- It is expected that admission will become effective at 8.00 am on or around October 21, 2021
- The total number of voting rights in PetroTal is 823,309,231 common shares
- PetroTal is a publicly traded, tri‐quoted oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru
- PetroTal Corp. (TAL) is down 1.18 per cent, trading at C$0.42 at 1:06 pm ET
PetroTal Corp. (TAL) has issued an aggregate of 3,103,716 common shares to employees including 1,645,267 shares to a person discharging managerial responsibilities.
This is pursuant to its performance and restricted share unit plan, as approved by the TSX Venture Exchange on December 12, 2019.
The application will be made to the London Stock Exchange for the admission of 3,103,716 common shares to trading on AIM and to the TSXV for a listing of 3,103,716 common shares for trading on the facilities of the TSXV.
It’s expected that admission will become effective on or around October 21, 2021. Following admission, PetroTal will have 823,309,231 common shares issued and no shares held in treasury. The total number of voting rights in PetroTal is 823,309,231 common shares.
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, PetroTal under the FCA’s Disclosure Guidance and Transparency Rules.
PetroTal is a Calgary-based oil and gas development and production company focused on the development of oil assets in Peru.
PetroTal’s flagship asset is its 100 per cent working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.
PetroTal Corp. (TAL) is down 1.18 per cent, trading at C$0.42 at 1:06 pm ET.