Transaction in Own Shares

RNS Number : 5910F

Gran Tierra Energy Inc.

07 November 2022

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

November 7, 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 periodNovember 3 to November 4, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
November 3, 2022	501,958	$1.74	$875,217.92
November 4, 2022	514,658	$1.79	$922,971.90
TOTAL	1,016,616	$1.77	$1,798,189.82

Pro Forma Outstanding Shares
		shares June 30	368,871,685
		options exercised	26,934
		Updated Outstanding Shares as of November 4	368,898,619

Exchange Aggregated Data

	Platform	Nov. 3, 2022	Nov. 4, 2022
Volume	TSX	82,400	71,900
	Pure	1,058	8,158
	Chi-X	169,700	56,900
	Omega	139,900	178,200
	TriAct	0	0
	Alpha	4,400	28,300
	CNSX	5,700	5,600
	LYNX	14,700	14,800
	NEO	84,100	150,800
Volume weighted average price (CAD)	TSX	$1.74	$1.79
	Pure	$1.75	$1.80
	Chi-X	$1.75	$1.80
	Omega	$1.74	$1.80
	TriAct	-	-
	Alpha	$1.75	$1.78
	CNSX	$1.75	$1.80
	LYNX	$1.75	$1.80
	NEO	$1.74	$1.79

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/5910F_1-2022-11-7.pdf

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

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