Transaction in Own Shares

RNS Number : 6968U

Gran Tierra Energy Inc.

30 March 2023

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

March 30, 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 23 to March 29, 2023:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
March 23, 2023	507,100	$1.05	$532,994.00
March 24, 2023	514,658	$1.03	$532,054.28
March 27, 2023	514,658	$1.06	$545,988.72
March 28, 2023	392,500	$1.10	$431,559.00
March 29, 2023	3,481,323	$1.10	$3,829,455.30
TOTAL	5,410,239	$1.09	$5,872,051.30

	Platform	Mar. 23, 2023	Mar. 24, 2023	Mar. 27, 2023	Mar. 28, 2023	Mar. 29, 2023
Volume	TSX	2,600	114,100	38,100	54,000	3,481,323
	Pure	0	358	0	0	0
	Chi-X	26,300	61,500	50,400	60,700	0
	Omega	230,700	139,100	178,100	74,900	0
	TriAct	0	55,400	58	0	0
	Alpha	83,300	8,000	50,500	11,900	0
	CNSX	14,300	3,500	15,900	12,200	0
	LYNX	0	18,600	4,500	34,700	0
	NEO	149,900	114,100	177,100	144,100	0
Volume weighted average price (CAD)	TSX	$1.06	$1.03	$1.05	$1.10	$1.10
	Pure	-	$1.04	-	-	-
	Chi-X	$1.05	$1.04	$1.05	$1.10	-
	Omega	$1.05	$1.03	$1.06	$1.10	-
	TriAct	-	$1.03	$1.09	-	-
	Alpha	$1.07	$1.04	$1.06	$1.11	-
	CNSX	$1.05	$1.03	$1.05	$1.08	-
	LYNX	-	$1.04	$1.05	$1.09	-
	NEO	$1.05	$1.03	$1.06	$1.10	-

All transactions were made under ISIN US38500T1016 and effected by Eight Capital 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 333,871,738 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/6968U_1-2023-3-29.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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