Transaction in Own Shares

RNS Number : 2616B

Gran Tierra Energy Inc.

30 September 2022

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

September 30, 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 23, 2022	514,658	$1.61	$830,452.88
September 26, 2022	514,658	$1.55	$798,505.50
September 27, 2022	514,658	$1.56	$800,691.90
September 28, 2022	514,658	$1.63	$840,044.18
September 29, 2022	514,658	$1.65	$849,907.12
TOTAL	2,573,290	$1.60	$4,119,601.58

Pro Forma Outstanding Shares
		shares June 30	368,871,685
		options exercised	11,202
		Updated Outstanding Shares as of September 29	368,882,887

Exchange Aggregated Data

	Platform	Sept 23, 2022	Sept 26, 2022	Sept 27, 2022	Sept 28, 2022	Sept 29, 2022
Volume	TSX	90,400	40,600	36,500	35,700	32,800
	Pure	58	58	58	58	58
	Chi-X	64,500	69,100	55,900	60,200	64,700
	Omega	135,500	171,200	188,500	196,400	217,700
	TriAct	0	0	0	0	0
	Alpha	53,300	70,500	43,500	61,100	39,900
	CNSX	6,600	29,000	3,800	34,800	9,600
	LYNX	1,700	5,000	600	0	1,300
	NEO	162,600	129,200	185,800	126,400	148,600
Volume weighted average price (CAD)	TSX	$1.60	$1.54	$1.56	$1.63	$1.66
	Pure	$1.61	$1.50	$1.55	$1.71	$1.64
	Chi-X	$1.61	$1.54	$1.56	$1.63	$1.65
	Omega	$1.62	$1.56	$1.55	$1.63	$1.65
	TriAct	-	-	-	-	-
	Alpha	$1.62	$1.55	$1.55	$1.63	$1.65
	CNSX	$1.61	$1.57	$1.56	$1.62	$1.66
	LYNX	$1.61	$1.50	$1.58	-	$1.66
	NEO	$1.61	$1.55	$1.56	$1.63	$1.66

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

 http://www.rns-pdf.londonstockexchange.com/rns/2616B_1-2022-9-29.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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