Transaction in Own Shares

RNS Number : 3734G

Gran Tierra Energy Inc.

15 November 2022

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

November 15, 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 7 to November 10, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
November 7, 2022	514,658	$1.82	$934,326.82
November 8, 2022	514,658	$1.75	$902,052.18
November 9, 2022	514,658	$1.67	$859,932.12
November 10, 2022	505,600	$1.67	$844,262.00
TOTAL	2,049,574	$1.73

Pro Forma Outstanding Shares
		shares June 30	368,871,685
		options exercised	26,934
		Updated Outstanding Shares as of November 10	368,898,619

Exchange Aggregated Data

	Platform	Nov. 7, 2022	Nov. 8, 2022	Nov. 9, 2022	Nov. 10, 2022
Volume	TSX	85,258	11,200	16,700	16,900
	Pure	0	0	58	0
	Chi-X	93,100	80,700	64,000	65,100
	Omega	134,900	169,900	185,000	238,700
	TriAct	0	58	0	0
	Alpha	48,500	32,200	26,400	85,200
	CNSX	7,900	5,400	17,900	17,900
	LYNX	20,400	1,400	4,200	2,300
	NEO	124,600	213,800	200,400	79,500
Volume weighted average price (CAD)	TSX	$1.80	$1.75	$1.68	$1.67
	Pure	-	-	$1.64	-
	Chi-X	$1.82	$1.75	$1.68	$1.66
	Omega	$1.81	$1.75	$1.67	$1.67
	TriAct	-	$1.71	-	-
	Alpha	$1.82	$1.76	$1.67	$1.67
	CNSX	$1.82	$1.76	$1.68	$1.65
	LYNX	$1.82	$1.76	$1.69	$1.67
	NEO	$1.82	$1.75	$1.67	$1.67

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/3734G_1-2022-11-14.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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