Transaction in Own Shares

RNS Number : 9337Z

Gran Tierra Energy Inc.

20 September 2022

 

GRAN TIERRA ENERGY INC.

AMENDED

Company Announcement - Transaction in Own Shares

September 12, 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 periodSeptember6, 2022 to September9, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
September 6, 2022	514,658	$1.82	$ 938,476.98
September 7, 2022	514,658	$1.73	$ 887,934.68
September 8, 2022	514,658	$1.71	$ 878,594.10
September 9, 2022	514,658	$1.76	$ 903,903.32
TOTAL	2,058,632	$1.75	$3,608,909.08

Exchange Aggregated Data

	Platform	Sep. 6, 2022	Sep. 7, 2022	Sep. 8, 2022	Sep. 9, 2022
Volume	TSX	51,300	138,958	99,458	21,900
	Pure	0	0	0	0
	Chi-X	46,200	69,000	44,900	107,800
	Omega	155,100	115,700	169,800	160,100
	TriAct	58	0	0	58
	Alpha	65,000	59,300	40,600	72,900
	CNSX	2,900	12,000	22,600	4,800
	LYNX	0	0	4,100	0
	NEO	194,100	119,700	133,200	147,100
Volume weighted average price (CAD)	TSX	$1.83	$1.72	$1.70	$1.78
	Pure	-	-	-	-
	Chi-X	$1.83	$1.72	$1.71	$1.76
	Omega	$1.82	$1.73	$1.70	$1.75
	TriAct	$1.81	-	-	$1.79
	Alpha	$1.82	$1.73	$1.71	$1.76
	CNSX	$1.81	$1.72	$1.72	$1.73
	LYNX	-	-	$1.73	-
	NEO	$1.82	$1.73	$1.71	$1.76

All transactions were made under ISIN US38500T1016 and effected by RBC Dominion Securities Inc. on behalf of Gran Tierra.  Following the above transactions, Gran Tierra will have 368,871,685 issued and outstanding shares.

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

http://www.rns-pdf.londonstockexchange.com/rns/9337Z_1-2022-9-19.pdf 

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

END

 

 

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