Transaction in Own Shares

RNS Number : 5933K

Gran Tierra Energy Inc.

22 December 2022

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

December 22, 2022

On August 29, 2022GranTierraEnergyInc.("GranTierra")announced a normalcourseissuerbid (the "NCIB")throughthefacilities of the TorontoStockExchange("TSX"). The CompanyreceivedregulatoryapprovalfromtheTSX on August 30, 2022 to commence the 2022NCIB. Pursuant to the NCIB,GranTierramay,for a oneyearperiod,purchase for cancellation or holdtosatisfyawardsgranted under GranTierra's2007EquityIncentivePlan(the "2007 EquityIncentivePlan") up to 36,033,969of its shares of commonstock at prevailingmarketprices at the timeofpurchase.TheNCIBcommencedonSeptember 1, 2022 and willexpire on August31, 2023, orearlier if the10.00%sharemaximum is reached.Thepurpose of theNCIB is to reduce the sharecapitalofGranTierra or to satisfyawardsgrantedunder the 2007 EquityIncentivePlan.

The followingtransactionsweremadeundertheNCIB during the periodDecember 13 to December 19, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
December 13, 2022	514,658	$1.28	$658,599.66
December 14, 2022	514,658	$1.25	$643,766.92
December 15, 2022	514,658	$1.22	$628,352.10
December 16, 2022	514,658	$1.19	$613,970.10
December 19, 2022	497,500	$1.18	$589,532.00
TOTAL	2,556,132	$1.23	$3,134,220.78

Pro Forma Outstanding Shares
		shares June 30	368,871,685
		options exercised	26,934
		Updated Outstanding Shares as of December 19	368,898,619

Exchange Aggregated Data
	Platform	Dec. 13, 2022	Dec. 14, 2022	Dec. 15, 2022	Dec. 16, 2022	Dec. 19, 2022
Volume	TSX	13,600	43,800	32,500	37,800	14,200
	Pure	58	58	58	58	0
	Chi-X	47,200	53,700	94,800	23,300	20,900
	Omega	214,200	230,500	100,700	200,400	200,200
	TriAct	0	0	0	0	0
	Alpha	42,300	36,200	75,800	61,600	123,900
	CNSX	1,600	3,700	4,400	2,900	4,000
	LYNX	11,400	8,200	22,600	3,600	0
	NEO	184,300	138,500	183,800	185,000	134,300
Volume weighted average price (CAD)	TSX	$1.29	$1.25	$1.20	$1.20	$1.18
	Pure	$1.27	$1.24	$1.20	$1.20	-
	Chi-X	$1.28	$1.25	$1.22	$1.19	$1.18
	Omega	$1.28	$1.25	$1.22	$1.19	$1.18
	TriAct	-	-	-	-	-
	Alpha	$1.28	$1.26	$1.23	$1.19	$1.19
	CNSX	$1.28	$1.25	$1.21	$1.20	$1.19
	LYNX	$1.28	$1.25	$1.21	$1.20	-
	NEO	$1.28	$1.25	$1.22	$1.19	$1.18

All transactions were made under ISIN US38500T1016 and effected by RBC Dominion Securities Inc. on behalf of Gran Tierra.  A full breakdown of the individual trades is attached to this announcement. Following the above transactions, Gran Tierra will have 368,898,619 issued and outstanding shares.

Please click on link for a full breakdown of the individual trades to this announcement. 

http://www.rns-pdf.londonstockexchange.com/rns/5933K_1-2022-12-22.pdf

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

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