Transaction in Own Shares

RNS Number : 5721L

Gran Tierra Energy Inc.

03 January 2023

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

January 3, 2023

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 28 to December 30, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
December 28, 2022	514,658	$1.29	$662,278.82
December 29, 2022	514,658	$1.30	$670,897.56
December 30, 2022	514,658	$1.35	$692,491.80
TOTAL	1,543,974	$1.31	$2,025,668.18

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

	Platform	Dec. 28, 2022	Dec. 29, 2022	Dec. 30, 2022
Volume	TSX	21,700	11,300	31,200
	Pure	58	58	58
	Chi-X	31,100	34,400	40,900
	Omega	111,200	196,900	220,300
	TriAct	0	0	0
	Alpha	84,500	58,900	51,300
	CNSX	14,400	1,800	4,800
	LYNX	14,400	15,400	700
	NEO	237,300	195,900	165,400
Volume weighted average price (CAD)	TSX	$1.29	$1.31	$1.35
	Pure	$1.29	$1.32	$1.35
	Chi-X	$1.28	$1.31	$1.35
	Omega	$1.28	$1.30	$1.34
	TriAct	-	-	-
	Alpha	$1.29	$1.30	$1.36
	CNSX	$1.29	$1.30	$1.35
	LYNX	$1.29	$1.30	$1.34
	NEO	$1.29	$1.30	$1.34

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/5721L_1-2023-1-3.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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