PetroTal Corp. announces issuance of Common Shares to employees pursuant to annually vested performance share unit plan ("PSU").
PetroTal has issued an aggregate of 752,833 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 directors or officers of the Company are as follows:
Manolo Zuniga - President and Chief Executive Officer - 348,040 shares
Douglas Urch - Executive Vice President and Chief Financial Officer - 246,388 shares
Further details regarding the Company's PSU plan are set out in the management information circular of the Company dated May 3, 2023, which is available on SEDAR at www.sedar.com.
Application will be made for a total admission of 752,833 Common Shares to trading on AIM ("Admission"), which will rank pari passu with existing Common Shares, expected to occur on or around October 2, 2023.
Following Admission, PetroTal will have 917,453,257 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.