Transaction in Own Shares

RNS Number : 9748G

Gran Tierra Energy Inc.

18 November 2022

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

November 18, 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 11 to November 15, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
November 11, 2022	514,658	$1.75	$898,437.92
November 14, 2022	514,658	$1.71	$879,423.94
November 15, 2022	217,500	$1.71	$371,928.00
TOTAL	1,246,816	$1.72	$2,149,789.86

Pro Forma Outstanding Shares
		shares June 30	368,871,685
		options exercised	26,934
		Updated Outstanding Shares as of November 15	368,898,619

Exchange Aggregated Data
	Platform	Nov. 11, 2022	Nov. 14, 2022	Nov. 15, 2022
Volume	TSX	43,358	38,000	6,000
	Pure	0	58	0
	Chi-X	56,500	69,300	23,100
	Omega	214,200	261,600	56,900
	TriAct	0	0	0
	Alpha	54,100	55,000	30,900
	CNSX	5,500	8,500	9,150
	LYNX	5,900	300	4,400
	NEO	135,100	81,900	87,050
Volume weighted average price (CAD)	TSX	$1.74	$1.69	$1.71
	Pure	-	$1.68	-
	Chi-X	$1.74	$1.71	$1.70
	Omega	$1.74	$1.71	$1.71
	TriAct	-	-	-
	Alpha	$1.75	$1.71	$1.71
	CNSX	$1.76	$1.72	$1.70
	LYNX	$1.75	$1.71	$1.73
	NEO	$1.75	$1.71	$1.71

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/9748G_1-2022-11-18.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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