REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

18/11/2022 18:30

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RNS Number : 9748G  Gran Tierra Energy Inc.  18 November 2022

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

November 18, 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 November
11 to November 15, 2022:

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

                    (# Shares)
 November 11, 2022  514,658             $1.75                                                         $898,437.92
 November 14, 2022  514,658             $1.71                                                         $879,423.94
 November 15, 2022  217,500             $1.71                                                         $371,928.00
 TOTAL              1,246,816           $1.72                                                         $2,149,789.86

 

 

 Pro Forma Outstanding Shares
                         shares June 30                                          368,871,685
                         options exercised                                                26,934
                         Updated Outstanding Shares as of November 15            368,898,619

 

 

 Exchange Aggregated Data
                       Platform  Nov. 11, 2022  Nov. 14, 2022  Nov. 15, 2022
 Volume                TSX       43,358         38,000         6,000
                       Pure      0              58             0
                       Chi-X     56,500         69,300         23,100
                       Omega     214,200        261,600        56,900
                       TriAct    0              0              0
                       Alpha     54,100         55,000         30,900
                       CNSX      5,500          8,500          9,150
                       LYNX      5,900          300            4,400
                       NEO       135,100        81,900         87,050
 Volume weighted       TSX       $1.74          $1.69          $1.71

average price (CAD)
                       Pure      -              $1.68          -
                       Chi-X     $1.74          $1.71          $1.70
                       Omega     $1.74          $1.71          $1.71
                       TriAct    -              -              -
                       Alpha     $1.75          $1.71          $1.71
                       CNSX      $1.76          $1.72          $1.70
                       LYNX      $1.75          $1.71          $1.73
                       NEO       $1.75          $1.71          $1.71

 

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 368,898,619 issued and outstanding shares.

 

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

http://www.rns-pdf.londonstockexchange.com/rns/9748G_1-2022-11-18.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9748G_1-2022-11-18.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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