REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

20/09/2022 07:00

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RNS Number : 9338Z  Gran Tierra Energy Inc.  20 September 2022

GRAN TIERRA ENERGY INC.

 

AMENDED

Company Announcement - Transaction in Own Shares

 

 

September 16, 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 12, 2022 to September 15, 2022:

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

                     (# Shares)
 September 12, 2022  514,658             $1.83                                                         $940,772.56
 September 13, 2022  514,658             $1.83                                                         $943,261.88
 September 14, 2022  514,658             $1.96                                                         $1,007,908.42
 September 15, 2022  514,658             $1.95                                                         $1,001,399.86
 TOTAL               2,058,632           $1.89                                                         $3,893,342.72

 

 

Exchange Aggregated Data

 

                       Platform  Sept 12, 2022  Sept 13, 2022  Sept 14, 2022  Sept 15, 2022
 Volume                TSX       22,700         18,200         29,700         18,700
                       Pure      58             58             58             58
                       Chi-X     58,700         50,100         57,500         79,600
                       Omega     239,500        207,500        149,400        173,700
                       TriAct    0              0              0              0
                       Alpha     57,700         60,100         86,900         43,000
                       CNSX      27,500         6,900          13,700         5,400
                       LYNX      0              0              600            300
                       NEO       22,700         18,200         29,700         18,700
 Volume weighted       TSX       $1.82          $1.83          $1.94          $1.94

average price (CAD)
                       Pure      $1.82          $1.86          $1.99          $1.92
                       Chi-X     $1.82          $1.84          $1.96          $1.95
                       Omega     $1.83          $1.83          $1.96          $1.95
                       TriAct    -              -              -              -
                       Alpha     $1.83          $1.84          $1.96          $1.93
                       CNSX      $1.82          $1.83          $1.95          $1.97
                       LYNX      -              -              $1.94          $1.93
                       NEO       $1.83          $1.83          $1.96          $1.94

All transactions were made under ISIN US38500T1016 and effected by RBC
Dominion Securities Inc. 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 368,871,685 issued and outstanding shares.

 

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

 http://www.rns-pdf.londonstockexchange.com/rns/9338Z_1-2022-9-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9338Z_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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