Transaction in Own Shares

RNS Number : 7801J

Gran Tierra Energy Inc.

15 December 2022

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

December 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 periodDecember 8 to December 12, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
December 8, 2022	514,658	$1.31	$673,323.98
December 9, 2022	514,658	$1.29	$664,874.48
December 12, 2022	514,658	$1.29	$666,199.66
TOTAL	1,543,974	$1.30	$2,004,398.12

Pro Forma Outstanding Shares
		shares June 30	368,871,685
		options exercised	26,934
		Updated Outstanding Shares as of December 12	368,898,619

Exchange Aggregated Data
	Platform	Dec. 8, 2022	Dec. 9, 2022	Dec. 12, 2022
Volume	TSX	180,100	22,300	2,300
	Pure	2,558	58	58
	Chi-X	130,400	40,200	55,500
	Omega	58,200	178,800	268,800
	TriAct	0	0	0
	Alpha	27,100	60,000	48,200
	CNSX	5,400	21,400	10,800
	LYNX	8,800	3,400	8,000
	NEO	102,100	188,500	121,000
Volume weighted average price (CAD)	TSX	$1.31	$1.28	$1.30
	Pure	$1.31	$1.31	$1.27
	Chi-X	$1.30	$1.30	$1.28
	Omega	$1.31	$1.29	$1.30
	TriAct	-	-	-
	Alpha	$1.31	$1.29	$1.30
	CNSX	$1.31	$1.31	$1.30
	LYNX	$1.31	$1.30	$1.30
	NEO	$1.31	$1.29	$1.29

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/7801J_1-2022-12-15.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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