Transaction in Own Shares

Gran Tierra Energy Inc.

01 December 2023

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

December 1, 2023

On October 31, 2023 Gran Tierra Energy Inc. ("Gran Tierra") announced a normal course issuer bid (the "NCIB") through the facilities of the Toronto Stock Exchange ("TSX"). The Company received regulatory approval from the TSX on November 1, 2023 to commence the 2023 NCIB. Pursuant to the NCIB, Gran Tierra may, for a one year period, purchase for cancellation or hold to satisfy awards granted under Gran Tierra's 2007 Equity Incentive Plan (the "2007 Equity Incentive Plan") up to 3,234,914 of its shares of common stock at prevailing market prices at the time of purchase. The NCIB commenced on November 3, 2023 and will expire on November 2, 2024, or earlier if the 10.00% share maximum is reached. The purpose of the NCIB is to reduce the share capital of Gran Tierra or to satisfy awards granted under the 2007 Equity Incentive Plan.

The following transactions were made under the NCIB during the period November 24 to November 30, 2023:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
November 24, 2023	14,306	$8.63	$123,400.48
November 27, 2023	13,906	$8.59	$119,508.08
November 28, 2023	14,306	$8.58	$122,737.00
November 29, 2023	14,306	$8.80	$125,952.80
November 30, 2023	14,306	$8.67	$124,097.78
TOTAL	71,130	$8.66	$615,696.14

	Platform	Nov. 24, 2023	Nov. 27, 2023	Nov. 28, 2023	Nov. 29, 2023	Nov. 30, 2023
Volume	TSX	10,806	4,106	8,106	7,706	6,000
	Pure	0	0	0	0	6
	Chi-X	2,600	4,600	3,400	4,100	3,100
	Omega	500	3,500	0	0	3,400
	TriAct	0	0	0	0	0
	Alpha	0	600	1,500	100	600
	CNSX	100	700	200	400	100
	LYNX	0	0	0	0	0
	NEO	300	400	1,100	2,000	1,100
Volume weighted average price (CAD)	TSX	$8.63	$8.60	$8.58	$8.81	$8.64
	Pure	-	-	-	-	$8.63
	Chi-X	$8.63	$8.61	$8.57	$8.80	$8.77
	Omega	$8.62	$8.59	-	-	$8.67
	TriAct	-	-	-	-	-
	Alpha	-	$8.55	$8.57	$8.78	$8.65
	CNSX	$8.57	$8.59	$8.66	$8.81	$8.79
	LYNX	-	-	-	-	-
	NEO	$8.59	$8.59	$8.62	$8.80	$8.60

All transactions were made under ISIN US38500T2006 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 32,532,515 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/4595V_1-2023-12-1.pdf 

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

END