Transaction in Own Shares

Gran Tierra Energy Inc.

29 November 2024

 

GRAN TIERRA ENERGY INC.

Company Announcement - Transaction in Own Shares

November 29, 2024

On November 4, 2024 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 4, 2024 to commence the 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 3,545,872 of its shares of common stock at prevailing market prices at the time of purchase. The NCIB commenced on November 6, 2024 and will expire on November 5, 2025, 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 November 22 through November 28, 2024:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (USD)	Gross Value (USD)
November 22, 2024	20,000	$6.31	$126,266.33
November 25, 2024	20,000	$6.13	$122,547.38
November 26, 2024	20,000	$6.17	$123,346.59
November 27, 2024	20,000	$6.57	$131,394.94
November 28, 2024	0	$0.00	$0.00
TOTAL	80,000	$6.29	$503,555.24

	Platform	Nov. 22, 2024	Nov. 25, 2024	Nov. 26, 2024	Nov. 27, 2024
	TSX
Volume	Pure	0	0	0	0
	Chi-X	0	0	0	0
	Omega	0	0	0	0
	TriAct	0	0	0	0
	Alpha	0	0	0	0
	CNSX	0	0	0	0
	LYNX	0	0	0	0
	NEO	0	0	0	0
	ASE	0	0	0	0
Volume weighted average price (USD)	TSX	20,000	20,000	20,000	20,000
	Pure	-	-	-	-
	Chi-X	-	-	-	-
	Omega	-	-	-	-
	TriAct	-	-	-	-
	Alpha	-	-	-	-
	CNSX	-	-	-	-
	LYNX	-	-	-	-
	NEO	-	-	-	-
	ASE	$6.31	$6.13	$6.17	$6.57

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 36,181,691 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/2733O_1-2024-11-29.pdf 

Contact Information:

Gary Guidry
Chief Executive Officer

Ryan Ellson
Chief Financial Officer

Phillip Abraham
Executive Vice President, Legal and Land

[phone]

[e-mail]

 

END