Transaction in Own Shares

RNS Number : 9330T
Gran Tierra Energy Inc.
23 March 2023
 

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

March 23, 2023

 

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 periodMarch 16 to March 22, 2023:

Transaction Date

Daily total volume

(# Shares)

Daily volume weighted average price of shares acquired (CAD)

Gross Value (CAD)

March 16, 2023

508,858

$1.01

$514,824.92

March 17, 2023

507,900

$1.02

$519,657.50

March 20, 2023

514,658

$1.00

$517,080.94

March 21, 2023

512,800

$1.06

$543,706.50

March 22, 2023

514,658

$1.07

$549,742.98

TOTAL

2,558,874

$1.03

$2,645,012.84

 

 

Platform

Mar. 16, 2023

Mar. 17, 2023

Mar. 20, 2023

Mar. 21, 2023

Mar. 22, 2023

Volume

TSX

118,158

12,000

40,508

2,700

23,900

Pure

0

0

150

0

58

Chi-X

45,800

51,000

35,000

75,400

44,900

Omega

188,200

223,100

265,300

311,100

206,000

TriAct

0

0

100

0

0

Alpha

58,800

70,600

30,000

29,800

83,300

CNSX

5,700

37,800

5,100

9,600

6,000

LYNX

8,300

4,200

5,200

0

4,500

NEO

83,900

109,200

133,300

84,200

146,000

Volume weighted
average price (CAD)

TSX

$0.99

$1.04

$1.00

$1.06

$1.07

Pure

-

-

$1.01

-

$1.06

Chi-X

$1.01

$1.02

$1.00

$1.06

$1.06

Omega

$1.02

$1.02

$1.00

$1.06

$1.07

 

TriAct

-

-

$1.01

-

-

Alpha

$1.02

$1.03

$1.00

$1.06

$1.07

CNSX

$1.02

$1.02

$1.00

$1.07

$1.07

LYNX

$1.00

$1.03

$1.01

-

$1.06

NEO

$1.02

$1.03

$1.01

$1.06

$1.07

 

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 shares and 338,999,977 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/9330T_1-2023-3-22.pdf

 

Contact Information:

 

Gary Guidry
Chief Executive Officer

 

Ryan Ellson
Chief Financial Officer

 

Rodger Trimble
Vice President, Investor Relations


(403) 265-3221

info@grantierra.com

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