REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

26/09/2022 17:15

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RNS Number : 5292A  Gran Tierra Energy Inc.  26 September 2022

GRAN TIERRA ENERGY INC.

 

AMENDED

Company Announcement - Transaction in Own Shares

 

 

September 23, 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 16, 2022  514,658             $1.85                                                         $954,577.64
 September 19, 2022  514,658             $1.87                                                         $964,800.36
 September 20, 2022  506,600             $1.85                                                         $935,011.50
 September 21, 2022  450,000             $1.83                                                         $822,126.00
 September 22, 2022  514,658             $1.80                                                         $925,134.24
 TOTAL               2,500,574           $1.84                                                         $4,601,649.74

 

 

 Pro Forma Outstanding Shares                                               361,237,233

                         shares June 30                                     368,871,685
                         options exercised                                           11,202
                         Updated Outstanding Shares as of Aug 22            368,882,887

 

Exchange Aggregated Data

 

                       Platform  Sept 16, 2022  Sept 19, 2022  Sept 20, 2022  Sept 21, 2022  Sept 21, 2022
 Volume                TSX       59,900         27,000         36,700         32,900         123,900
                       Pure      58             58             0              0              58
                       Chi-X     82,400         55,100         54,000         106,200        103,400
                       Omega     201,800        152,800        245,100        165,200        113,800
                       TriAct    0              0              0              0              0
                       Alpha     44,000         84,600         43,600         54,900         21,800
                       CNSX      7,800          21,600         1,700          18,800         2,000
                       LYNX      1,900          0              0              0              600
                       NEO       116,800        173,500        125,500        72,000         149,100
 Volume weighted       TSX       $1.87          $1.88          $1.87          $1.83          $1.79

average price (CAD)
                       Pure      $1.83          $1.92          -              -              $1.78
                       Chi-X     $1.85          $1.87          $1.87          $1.83          $1.80
                       Omega     $1.86          $1.86          $1.84          $1.83          $1.80
                       TriAct    -              -              -              -              -
                       Alpha     $1.85          $1.89          $1.85          $1.83          $1.80
                       CNSX      $1.87          $1.88          $1.83          $1.82          $1.81
                       LYNX      $1.85          -              -              -              $1.80
                       NEO       $1.85          $1.88          $1.85          $1.83          $1.80

 

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 368,882,887 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/5292A_1-2022-9-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5292A_1-2022-9-23.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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