Transaction in Own Shares

Gran Tierra Energy Inc.

27 June 2024

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

June 27, 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 on from June 21 through June 27, 2024:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
June 21, 2024	14,306	$13.50	$193,194.18
June 24, 2024	11,600	$13.52	$156,852.00
June 25, 2024	14,300	$14.01	$200,325.00
June 26, 2024	13,900	$14.02	$194,873.00
June 27, 2024	14,306	$14.10	$201,738.42
TOTAL	68,412	$13.84	$946,982.60

	Platform	Jun. 21, 2024	Jun. 24, 2024	Jun. 25, 2024	Jun. 26, 2024	Jun. 27, 2024
	TSX	4,100	4,200	2,600	3,000	2,900
Volume	Pure	100	0	100	300	100
	Chi-X	6,200	5,500	6,300	6,100	7,600
	Omega	1,900	0	2,600	700	1,100
	TriAct	6	0	0	0	6
	Alpha	400	500	900	2,100	600
	CNSX	0	0	300	700	400
	LYNX	0	0	0	0	0
	NEO	1,600	1,400	1,500	1,000	1,600
	ASE	0	0	0	0	0
Volume weighted average price (USD)	TSX	$13.51	$13.49	$14.00	$14.01	$14.07
	Pure	$13.46	-	$13.91	$14.03	$14.20
	Chi-X	$13.51	$13.54	$14.00	$14.02	$14.11
	Omega	$13.49	-	$14.04	$13.97	$14.10
	TriAct	$13.53	-	-	-	$14.07
	Alpha	$13.50	$13.54	$14.04	$14.07	$14.15
	CNSX	-	-	$14.08	$13.96	$14.12
	LYNX	-	-	-	-	-
	NEO	$13.51	$13.55	$13.98	$14.04	$14.10

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 31,036,652 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/2519U_1-2024-6-27.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