REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

12/10/2022 14:00

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RNS Number : 6808C  Gran Tierra Energy Inc.  12 October 2022

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

October 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 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 30, 2022  473,758             $1.70                                                         $803,833.02
 TOTAL               473,758             $1.70                                                         $803,833.02

 

 Pro Forma Outstanding Shares

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

 

Exchange Aggregated Data

 

                       Platform  Sept 30, 2022
 Volume                TSX       25,800
                       Pure      58
                       Chi-X     53,200
                       Omega     201,700
                       TriAct    0
                       Alpha     49,200
                       CNSX      2,400
                       LYNX      0
                       NEO       141,400
 Volume weighted       TSX       $1.68

average price (CAD)
                       Pure      $1.69
                       Chi-X     $1.69
                       Omega     $1.70
                       TriAct    -
                       Alpha     $1.70
                       CNSX      $1.70
                       LYNX      -
                       NEO       $1.70

 

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/6808C_1-2022-10-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6808C_1-2022-10-12.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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