Transaction in Own Shares

RNS Number : 5292A

Gran Tierra Energy Inc.

26 September 2022

 

GRAN TIERRA ENERGY INC.

AMENDED

Company Announcement - Transaction in Own Shares

September 23, 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 16, 2022	514,658	$1.85	$954,577.64
September 19, 2022	514,658	$1.87	$964,800.36
September 20, 2022	506,600	$1.85	$935,011.50
September 21, 2022	450,000	$1.83	$822,126.00
September 22, 2022	514,658	$1.80	$925,134.24
TOTAL	2,500,574	$1.84	$4,601,649.74

Pro Forma Outstanding Shares			361,237,233
		shares June 30	368,871,685
		options exercised	11,202
		Updated Outstanding Shares as of Aug 22	368,882,887

Exchange Aggregated Data

	Platform	Sept 16, 2022	Sept 19, 2022	Sept 20, 2022	Sept 21, 2022	Sept 21, 2022
Volume	TSX	59,900	27,000	36,700	32,900	123,900
	Pure	58	58	0	0	58
	Chi-X	82,400	55,100	54,000	106,200	103,400
	Omega	201,800	152,800	245,100	165,200	113,800
	TriAct	0	0	0	0	0
	Alpha	44,000	84,600	43,600	54,900	21,800
	CNSX	7,800	21,600	1,700	18,800	2,000
	LYNX	1,900	0	0	0	600
	NEO	116,800	173,500	125,500	72,000	149,100
Volume weighted average price (CAD)	TSX	$1.87	$1.88	$1.87	$1.83	$1.79
	Pure	$1.83	$1.92	-	-	$1.78
	Chi-X	$1.85	$1.87	$1.87	$1.83	$1.80
	Omega	$1.86	$1.86	$1.84	$1.83	$1.80
	TriAct	-	-	-	-	-
	Alpha	$1.85	$1.89	$1.85	$1.83	$1.80
	CNSX	$1.87	$1.88	$1.83	$1.82	$1.81
	LYNX	$1.85	-	-	-	$1.80
	NEO	$1.85	$1.88	$1.85	$1.83	$1.80

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 368,882,887 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/5292A_1-2022-9-23.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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