PetroTal Corp Announces Transaction in Own Shares

Source: www.gulfoilandgas.com 1/17/2025, 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 23 May 2024, 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: 16 January 2025
Aggregate number of Common Shares purchased:
AIM: 12,424
TSX: 12,424
Total: 24,848

Lowest price paid per Common Share:
AIM: 39.950 pence
TSX: 0.700 CAD

Highest price paid per Common Share:
AIM: 40.000 pence
TSX: 0.710 CAD

Volume weighted average price paid per Common Share:
AIM: 39.976 pence
TSX: 0.704 CAD

Following the cancellation of the repurchased shares, the Company will have no Common Shares in treasury and 911,620,518 Common Shares (excluding treasury shares) of no par value each in issue. Therefore, the total voting rights in the Company will be 911,620,518.

The figure of 911,620,518 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.

Schedule of purchases:
Common Shares purchased: PetroTal Corp. (ISIN: CA71677J1012)
Date of purchases: 16 January 2025
Investment firm: Stifel Nicolaus Europe Limited


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