Transaction in Own Shares

RNS Number : 9338Z

Gran Tierra Energy Inc.

20 September 2022

 

GRAN TIERRA ENERGY INC.

AMENDED

Company Announcement - Transaction in Own Shares

September 16, 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 periodSeptember12, 2022 to September15, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
September 12, 2022	514,658	$1.83	$940,772.56
September 13, 2022	514,658	$1.83	$943,261.88
September 14, 2022	514,658	$1.96	$1,007,908.42
September 15, 2022	514,658	$1.95	$1,001,399.86
TOTAL	2,058,632	$1.89	$3,893,342.72

Exchange Aggregated Data

	Platform	Sept 12, 2022	Sept 13, 2022	Sept 14, 2022	Sept 15, 2022
Volume	TSX	22,700	18,200	29,700	18,700
	Pure	58	58	58	58
	Chi-X	58,700	50,100	57,500	79,600
	Omega	239,500	207,500	149,400	173,700
	TriAct	0	0	0	0
	Alpha	57,700	60,100	86,900	43,000
	CNSX	27,500	6,900	13,700	5,400
	LYNX	0	0	600	300
	NEO	22,700	18,200	29,700	18,700
Volume weighted average price (CAD)	TSX	$1.82	$1.83	$1.94	$1.94
	Pure	$1.82	$1.86	$1.99	$1.92
	Chi-X	$1.82	$1.84	$1.96	$1.95
	Omega	$1.83	$1.83	$1.96	$1.95
	TriAct	-	-	-	-
	Alpha	$1.83	$1.84	$1.96	$1.93
	CNSX	$1.82	$1.83	$1.95	$1.97
	LYNX	-	-	$1.94	$1.93
	NEO	$1.83	$1.83	$1.96	$1.94

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 368,871,685 issued and outstanding shares.

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

 http://www.rns-pdf.londonstockexchange.com/rns/9338Z_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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