PetroTal Announces Grant of Performance Share Units for Dividend Equivalents

Source: www.gulfoilandgas.com 6/17/2024, Location: North America

PetroTal Corp. ("PetroTal" or the "Company") announces the grant of performance share units ("PSUs") to employees and officers of the Company, in accordance with the Company's performance and restricted share unit plan.

Q1 2024 dividend declaration and PSU Dividend Equivalents.

As announced on May 9, 2024, the Company is pleased to confirm that a total dividend payment of approximately US$13.7 million, representing US$0.015/share, was paid on June 14, 2024 to shareholders on record at May 31, 2024. This equates to a 10.9% annualized yield based on a US$0.56/share trading price. Shareholders should confirm with their brokers to verify their ownership status on May 31, 2024.

In accordance with PetroTal's PSU plan ("PSU"), the Company's June 14, 2024 dividend distribution resulted in an additional 522,120 PSUs being issued, of which 315,276 PSUs are to Officers. The remaining 206,844 PSUs are issued to employees, and all will vest according to their original grant date.

The Company has a total of 10,598,317 PSUs outstanding.


Brazil >>  7/19/2024 - Petrobras, in continuation of the Material Fact of June 17, 2024, informs that it has obtained approval from partner companies in E&P consortia for re...
Canada >>  7/19/2024 - Touchstone Exploration Inc. ("Touchstone") reports that the Company granted its non-executive directors, executive officers and key employees share aw...

Canada >>  7/19/2024 - On October 31, 2023 Gran Tierra Energy Inc. ("Gran Tierra") announced a normal course issuer bid (the "NCIB") through the facilities of the Toronto St...
China >>  7/19/2024 - ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International"), a leading manufacturer and supplier of patented high-performance stainle...

Morocco >>  7/19/2024 - Chariot (AIM: CHAR) is pleased to announce its intention to undertake a fundraising by way of a placing (the "Placing") and a direct subscription (the...
Netherlands/Holland >>  7/19/2024 - Shell plc (the ‘Company’) announces that on 19 July, 2024 it purchased the following number of Shares for cancellation. ...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.