PetroTal Corp Announces Transaction in Own Shares

Source: www.gulfoilandgas.com 3/4/2024, Location: North America

PetroTal Corp. ("PetroTal") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces that, in accordance with the terms of its share buyback programme announced on 16 May 2023, 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: 01 March 2024

Aggregate number of Common Shares purchased:
AIM: 57,452
TSX: 57,452
Total: 114,904

Lowest price paid per Common Share:
AIM: 43.250
AIM: 0.755 CAD

Highest price paid per Common Share:
AIM: 43.500
AIM: 0.770 CAD

Volume weighted average price paid per Common Share:
AIM: 43.359
AIM: 0.769 CAD

Following the cancellation of the repurchased shares, the Company will have no Common Shares in treasury and 915,733,280 Common Shares (excluding treasury shares) of no par value each in issue. Therefore, the total voting rights in the Company will be 915,733,280.

The figure of 915,733,280 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.


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