Transaction in Own Shares

RNS Number : 6375S

Gran Tierra Energy Inc.

10 March 2023

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

March 10, 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 periodMarch 3 to March 8, 2023:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
March 3, 2023	514,658	$1.18	$609,207.68
March 6, 2023	514,658	$1.19	$614,241.60
March 7, 2023	508,100	$1.21	$614,021.00
March 8, 2023	514,658	$1.20	$618,236.36
TOTAL	2,052,074	$1.20	$2,455,706.64

	Platform	Mar. 3, 2023	Mar. 6, 2023	Mar. 7, 2023	Mar. 8, 2023
Volume	TSX	27,700	35,400	30,700	26,800
	Pure	58	0	0	58
	Chi-X	28,700	42,000	23,300	81,400
	Omega	120,400	171,400	109,400	122,800
	TriAct	0	58	0	0
	Alpha	156,400	59,200	145,900	95,400
	CNSX	6,600	22,300	16,500	16,300
	LYNX	2,000	14,100	12,700	8,400
	NEO	172,800	170,200	169,600	163,500
Volume weighted average price (CAD)	TSX	$1.17	$1.18	$1.21	$1.21
	Pure	$1.21	-	-	$1.17
	Chi-X	$1.17	$1.20	$1.21	$1.19
	Omega	$1.21	$1.19	$1.20	$1.20
	TriAct	-	$1.20	-	-
	Alpha	$1.18	$1.19	$1.21	$1.21
	CNSX	$1.20	$1.18	$1.20	$1.22
	LYNX	$1.21	$1.20	$1.21	$1.22
	NEO	$1.17	$1.20	$1.21	$1.20

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 shares and 344,099,083 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/6375S_1-2023-3-10.pdf

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

END

 

 

POSSFEFISEDSEID