Transaction in Own Shares

Gran Tierra Energy Inc.

01 April 2024

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

March 28, 2024

On October 31, 2023 Gran Tierra Energy Inc. ("Gran Tierra") announced a normal course issuer bid (the "NCIB") through the facilities of the Toronto Stock Exchange ("TSX"). The Company received regulatory approval from the TSX on November 1, 2023 to commence the 2023 NCIB. Pursuant to the NCIB, Gran Tierra may, for a one year period, purchase for cancellation or hold to satisfy awards granted under Gran Tierra's 2007 Equity Incentive Plan (the "2007 Equity Incentive Plan") up to 3,234,914 of its shares of common stock at prevailing market prices at the time of purchase. The NCIB commenced on November 3, 2023 and will expire on November 2, 2024, or earlier if the 10.00% share maximum is reached. The purpose of the NCIB is to reduce the share capital of Gran Tierra or to satisfy awards granted under the 2007 Equity Incentive Plan.

The following transactions were made under the NCIB during the period March 22 to March 28, 2024:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
March 22, 2024	14,306	$9.04	$129,271.36
March 25, 2024	14,306	$9.32	$133,331.28
March 26, 2024	14,306	$9.51	$136,120.24
March 27, 2024	14,306	$9.48	$135,587.24
March 28, 2024	14,306	$9.67	$138,295.20
TOTAL	71,530	$9.40	$672,605.32

	Platform	Mar. 22, 2024	Mar. 25, 2024	Mar. 26, 2024	Mar. 27, 2024	Mar. 28, 2024
	TSX	4,300	6,900	6,100	7,106	9,000
Volume	Pure	6	6	6	0	6
	Chi-X	4,500	3,600	6,200	4,300	4,200
	Omega	2,300	1,700	500	500	0
	TriAct	0	0	0	0	0
	Alpha	2,500	400	500	600	0
	CNSX	300	700	0	800	100
	LYNX	0	0	0	0	0
	NEO	400	1,000	1,000	1,000	1,000
	ASE	0	0	0	0	0
Volume weighted average price (USD)	TSX	$9.04	$9.33	$9.52	$9.49	$9.68
	Pure	$9.06	$9.38	$9.54	-	$9.70
	Chi-X	$9.02	$9.32	$9.50	$9.46	$9.65
	Omega	$9.02	$9.31	$9.53	$9.50	-
	TriAct	-	-	-	-	-
	Alpha	$9.06	$9.24	$9.62	$9.49	-
	CNSX	$9.05	$9.22	-	$9.42	$9.67
	LYNX	-	-	-	-	-
	NEO	$9.02	$9.33	$9.51	$9.47	$9.66

All transactions were made under ISIN US38500T2006 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 31,401,214 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/8307I_1-2024-4-1.pdf

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Phillip Abraham
Vice President, Legal and Business Development

[phone]

[e-mail]

 

END