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RNS Number : 1410T Gran Tierra Energy Inc. 16 March 2023
GRAN TIERRA ENERGY INC.
Company Announcement - Transaction in Own Shares
March 16, 2023
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 March 9
to March 15, 2023:
Transaction Date Daily total volume Daily volume weighted average price of shares acquired (CAD) Gross Value (CAD)
(# Shares)
March 9, 2023 481,600 $1.19 $573,440.00
March 10, 2023 514,658 $1.14 $587,962.54
March 13, 2023 514,658 $1.10 $564,530.64
March 14, 2023 514,658 $1.10 $564,175.48
March 15, 2023 514,658 $1.00 $515,800.34
TOTAL 2,540,232 $1.10 $2,805,909.00
Platform Mar. 9, 2023 Mar. 10, 2023 Mar. 13, 2023 Mar. 14, 2023 Mar. 15, 2023
Volume TSX 43,100 40,000 47,200 4,600 33,700
Pure 0 58 58 58 58
Chi-X 82,100 68,700 41,500 97,700 25,200
Omega 136,600 161,200 204,100 156,800 224,500
TriAct 0 0 400 0 0
Alpha 80,900 58,200 55,800 77,500 79,800
CNSX 3,300 40,200 33,900 62,800 23,000
LYNX 22,500 12,000 31,700 7,500 11,900
NEO 113,100 134,300 100,000 107,700 116,500
Volume weighted TSX $1.19 $1.13 $1.08 $1.08 $1.00
average price (CAD)
Pure - $1.13 $1.08 $1.06 $0.98
Chi-X $1.19 $1.14 $1.09 $1.08 $1.00
Omega $1.19 $1.14 $1.10 $1.10 $1.00
TriAct - - $1.09 - -
Alpha $1.18 $1.14 $1.10 $1.10 $1.01
CNSX $1.20 $1.14 $1.10 $1.10 $1.02
LYNX $1.20 $1.15 $1.09 $1.11 $1.04
NEO $1.20 $1.15 $1.10 $1.10 $1.00
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 shares and 341,558,851
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/1410T_1-2023-3-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1410T_1-2023-3-15.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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