Transaction in Own Shares

RNS Number : 2374V

Gran Tierra Energy Inc.

04 April 2023

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

April 4, 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 30 to March 31, 2023:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
March 30, 2023	362,544	$1.14	$412,353.65
March 31, 2023	158,152	$1.20	$190,194.54
TOTAL	520,696	$1.16	$602,548.19

	Platform	Mar. 30, 2023	Mar. 31, 2023
Volume	TSX	16,127	8,200
	Pure	17	0
	Chi-X	24,600	15,600
	Omega	190,500	49,200
	TriAct	0	14,752
	Alpha	27,100	24,200
	CNSX	4,000	1,400
	LYNX	2,200	1,100
	NEO	98,000	43,700
Volume weighted average price (CAD)	TSX	$1.16	$1.20
	Pure	$1.17	-
	Chi-X	$1.16	$1.20
	Omega	$1.13	$1.20
	TriAct	-	$1.21
	Alpha	$1.15	$1.20
	CNSX	$1.13	$1.20
	LYNX	$1.09	$1.20
	NEO	$1.14	$1.20

All transactions were made under ISIN US38500T1016 and effected by Eight Capital 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 333,069,042 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/2374V_1-2023-4-3.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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