Transaction in Own Shares

Gran Tierra Energy Inc.

15 December 2023

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

December 15, 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 December 8 to December 14, 2023:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
December 8, 2023	14,306	$7.96	$113,804.46
December 11, 2023	14,306	$7.85	$112,301.16
December 12, 2023	14,306	$7.55	$108,045.24
December 13, 2023	14,306	$7.44	$106,442.52
December 14, 2023	14,306	$7.94	$113,569.46
TOTAL	71,530	$7.75	$554,162.84

	Platform	Dec. 8, 2023	Dec. 11, 2023	Dec. 12, 2023	Dec. 13, 2023	Dec. 14, 2023
Volume	TSX	5,206	7,406	7,706	7,006	6,006
	Pure	0	0	0	0	0
	Chi-X	5,100	3,800	600	4,300	4,800
	Omega	1,500	1,300	1,800	1,700	200
	TriAct	0	0	0	0	0
	Alpha	1,800	1,200	1,800	200	2,800
	CNSX	200	0	0	0	200
	LYNX	0	0	0	0	0
	NEO	500	600	2,400	1,100	300
Volume weighted average price (CAD)	TSX	$7.94	$7.84	$7.55	$7.45	$7.92
	Pure	-	-	-	-	-
	Chi-X	$7.97	$7.86	$7.50	$7.43	$7.95
	Omega	$7.93	$7.82	$7.55	$7.42	$7.91
	TriAct	-	-	-	-	-
	Alpha	$7.96	$7.88	$7.56	$7.42	$7.96
	CNSX	$8.01	-	-	-	$7.92
	LYNX	-	-	-	-	-
	NEO	$7.99	$7.86	$7.56	$7.48	$7.96

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 32,389,561 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/0410X_1-2023-12-15.pdf

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Rodger Trimble
Vice President, Investor Relations

[phone]

[e-mail]

 

END