Transaction in Own Shares

RNS Number : 7801J
Gran Tierra Energy Inc.
15 December 2022
 

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

December 15, 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 8 to December 12, 2022:

Transaction Date

Daily total volume

(# Shares)

Daily volume weighted average price of shares acquired (CAD)

Gross Value (CAD)

December 8, 2022

514,658

$1.31

$673,323.98

December 9, 2022

514,658

$1.29

$664,874.48

December 12, 2022

514,658

$1.29

$666,199.66

TOTAL

1,543,974

$1.30

$2,004,398.12

 

 

Pro Forma Outstanding Shares

 



shares June 30

  368,871,685

 


options exercised

  26,934

 


Updated Outstanding Shares as of December 12

  368,898,619

 

 

Exchange Aggregated Data

 

Platform

Dec. 8, 2022

Dec. 9, 2022

Dec. 12, 2022

Volume

TSX

180,100

22,300

2,300

Pure

2,558

58

58

Chi-X

130,400

40,200

55,500

Omega

58,200

178,800

268,800

TriAct

0

0

0

Alpha

27,100

60,000

48,200

CNSX

5,400

21,400

10,800

LYNX

8,800

3,400

8,000

NEO

102,100

188,500

121,000

Volume weighted
average price (CAD)

TSX

$1.31

$1.28

$1.30

Pure

$1.31

$1.31

$1.27

Chi-X

$1.30

$1.30

$1.28

Omega

$1.31

$1.29

$1.30

 

TriAct

-

-

-

Alpha

$1.31

$1.29

$1.30

CNSX

$1.31

$1.31

$1.30

LYNX

$1.31

$1.30

$1.30

NEO

$1.31

$1.29

$1.29

 

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/7801J_1-2022-12-15.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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