REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

15/12/2022 07:00

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RNS Number : 7801J  Gran Tierra Energy Inc.  15 December 2022

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

December 15, 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 December
8 to December 12, 2022:

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

                    (# Shares)
 December 8, 2022   514,658             $1.31                                                         $673,323.98
 December 9, 2022   514,658             $1.29                                                         $664,874.48
 December 12, 2022  514,658             $1.29                                                         $666,199.66
 TOTAL              1,543,974           $1.30                                                         $2,004,398.12

 

 

 Pro Forma Outstanding Shares
                         shares June 30                                          368,871,685
                         options exercised                                                26,934
                         Updated Outstanding Shares as of December 12            368,898,619

 

 

 Exchange Aggregated Data
                       Platform  Dec. 8, 2022  Dec. 9, 2022  Dec. 12, 2022
 Volume                TSX       180,100       22,300        2,300
                       Pure      2,558         58            58
                       Chi-X     130,400       40,200        55,500
                       Omega     58,200        178,800       268,800
                       TriAct    0             0             0
                       Alpha     27,100        60,000        48,200
                       CNSX      5,400         21,400        10,800
                       LYNX      8,800         3,400         8,000
                       NEO       102,100       188,500       121,000
 Volume weighted       TSX       $1.31         $1.28         $1.30

average price (CAD)
                       Pure      $1.31         $1.31         $1.27
                       Chi-X     $1.30         $1.30         $1.28
                       Omega     $1.31         $1.29         $1.30
                       TriAct    -             -             -
                       Alpha     $1.31         $1.29         $1.30
                       CNSX      $1.31         $1.31         $1.30
                       LYNX      $1.31         $1.30         $1.30
                       NEO       $1.31         $1.29         $1.29

 

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/7801J_1-2022-12-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7801J_1-2022-12-15.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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