Transaction in Own Shares

Gran Tierra Energy Inc.

10 March 2024

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

March 8, 2024

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 March 1 to March 7, 2024:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
March 1, 2024	14,306	$7.56	$108,198.60
March 4, 2024	14,306	$7.40	$105,828.10
March 5, 2024	14,306	$7.41	$105,968.28
March 6, 2024	14,306	$7.58	$108,457.18
March 7, 2024	14,306	$7.71	$110,351.44
TOTAL	71,530	$7.53	$538,803.60

	Platform	Mar. 1, 2024	Mar. 4, 2024	Mar. 5, 2024	Mar. 6, 2024	Mar. 7, 2024
	TSX	5,906	4,506	4,106	8,506	9,100
Volume	Pure	0	0	0	0	6
	Chi-X	5,500	5,800	6,200	4,400	4,500
	Omega	0	700	1,500	100	0
	TriAct	0	0	0	0	0
	Alpha	200	2,700	600	0	0
	CNSX	0	200	400	100	0
	LYNX	0	0	0	0	0
	NEO	2,700	400	1,500	1,200	700
	ASE	0	0	0	0	0
Volume weighted average price (USD)	TSX	$7.55	$7.38	$7.39	$7.58	$7.71
	Pure	-	-	-	-	$7.74
	Chi-X	$7.56	$7.42	$7.42	$7.57	$7.71
	Omega	-	$7.40	$7.39	$7.64	-
	TriAct	-	-	-	-	-
	Alpha	$7.47	$7.37	$7.43	-	-
	CNSX	-	$7.42	$7.43	$7.64	-
	LYNX	-	-	-	-	-
	NEO	$7.61	$7.40	$7.40	$7.58	$7.71

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 31,615,804 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/2445G_1-2024-3-10.pdf 

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Phillip Abraham
Vice President, Legal and Business Development

[phone]

[e-mail]

 

END