REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

30/09/2022 07:00

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RNS Number : 2616B  Gran Tierra Energy Inc.  30 September 2022

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

September 30, 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 23, 2022  514,658             $1.61                                                         $830,452.88
 September 26, 2022  514,658             $1.55                                                         $798,505.50
 September 27, 2022  514,658             $1.56                                                         $800,691.90
 September 28, 2022  514,658             $1.63                                                         $840,044.18
 September 29, 2022  514,658             $1.65                                                         $849,907.12
 TOTAL               2,573,290           $1.60                                                         $4,119,601.58

 

 

 Pro Forma Outstanding Shares

                         shares June 30                                           368,871,685
                         options exercised                                                 11,202
                         Updated Outstanding Shares as of September 29            368,882,887

 

Exchange Aggregated Data

 

                       Platform  Sept 23, 2022  Sept 26, 2022  Sept 27, 2022  Sept 28, 2022  Sept 29, 2022
 Volume                TSX       90,400         40,600         36,500         35,700         32,800
                       Pure      58             58             58             58             58
                       Chi-X     64,500         69,100         55,900         60,200         64,700
                       Omega     135,500        171,200        188,500        196,400        217,700
                       TriAct    0              0              0              0              0
                       Alpha     53,300         70,500         43,500         61,100         39,900
                       CNSX      6,600          29,000         3,800          34,800         9,600
                       LYNX      1,700          5,000          600            0              1,300
                       NEO       162,600        129,200        185,800        126,400        148,600
 Volume weighted       TSX       $1.60          $1.54          $1.56          $1.63          $1.66

average price (CAD)
                       Pure      $1.61          $1.50          $1.55          $1.71          $1.64
                       Chi-X     $1.61          $1.54          $1.56          $1.63          $1.65
                       Omega     $1.62          $1.56          $1.55          $1.63          $1.65
                       TriAct    -              -              -              -              -
                       Alpha     $1.62          $1.55          $1.55          $1.63          $1.65
                       CNSX      $1.61          $1.57          $1.56          $1.62          $1.66
                       LYNX      $1.61          $1.50          $1.58          -              $1.66
                       NEO       $1.61          $1.55          $1.56          $1.63          $1.66

 

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

 http://www.rns-pdf.londonstockexchange.com/rns/2616B_1-2022-9-29.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2616B_1-2022-9-29.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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