REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

20/09/2022 07:00

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RNS Number : 9337Z  Gran Tierra Energy Inc.  20 September 2022

GRAN TIERRA ENERGY INC.

 

AMENDED

Company Announcement - Transaction in Own Shares

 

 

September 12, 2022

 

On August 29, 2022 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
August 30, 2022 to commence the 2022 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 36,033,969 of its shares of common stock at
prevailing market prices at the time of purchase. The NCIB commenced on
September 1, 2022 and will expire on August 31, 2023, 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
September 6, 2022 to September 9, 2022:

 

 Transaction Date   Daily total volume  Daily volume weighted average price of shares acquired (CAD)  Gross Value (CAD)

                    (# Shares)
 September 6, 2022     514,658          $1.82                                                         $   938,476.98
 September 7, 2022     514,658          $1.73                                                         $   887,934.68
 September 8, 2022     514,658          $1.71                                                         $   878,594.10
 September 9, 2022     514,658          $1.76                                                         $  903,903.32
 TOTAL              2,058,632           $1.75                                                         $3,608,909.08

 

 

Exchange Aggregated Data

 

                       Platform  Sep. 6, 2022  Sep. 7, 2022  Sep. 8, 2022  Sep. 9, 2022
 Volume                TSX       51,300        138,958       99,458        21,900
                       Pure      0             0             0             0
                       Chi-X     46,200        69,000        44,900        107,800
                       Omega     155,100       115,700       169,800       160,100
                       TriAct    58            0             0             58
                       Alpha     65,000        59,300        40,600        72,900
                       CNSX      2,900         12,000        22,600        4,800
                       LYNX      0             0             4,100         0
                       NEO       194,100       119,700       133,200       147,100
 Volume weighted       TSX       $1.83         $1.72         $1.70         $1.78

average price (CAD)
                       Pure      -             -             -             -
                       Chi-X     $1.83         $1.72         $1.71         $1.76
                       Omega     $1.82         $1.73         $1.70         $1.75
                       TriAct    $1.81         -             -             $1.79
                       Alpha     $1.82         $1.73         $1.71         $1.76
                       CNSX      $1.81         $1.72         $1.72         $1.73
                       LYNX      -             -             $1.73         -
                       NEO       $1.82         $1.73         $1.71         $1.76

 

All transactions were made under ISIN US38500T1016 and effected by RBC
Dominion Securities Inc. on behalf of Gran Tierra.  Following the above
transactions, Gran Tierra will have 368,871,685 issued and outstanding shares.

 

Please click on the following link for a full breakdown of the individual
trades to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/9337Z_1-2022-9-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9337Z_1-2022-9-19.pdf)

 

Contact Information:

 

Gary Guidry

Chief Executive Officer

 

Ryan Ellson

Chief Financial Officer

 

Rodger Trimble

Vice President, Investor Relations

(403) 265-3221

info@grantierra.com (mailto:info@grantierra.com)

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