REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

23/03/2023 07:15

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RNS Number : 9330T  Gran Tierra Energy Inc.  23 March 2023

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

March 23, 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 16
to March 22, 2023:

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

                   (# Shares)
 March 16, 2023    508,858             $1.01                                                         $514,824.92
 March 17, 2023    507,900             $1.02                                                         $519,657.50
 March 20, 2023    514,658             $1.00                                                         $517,080.94
 March 21, 2023    512,800             $1.06                                                         $543,706.50
 March 22, 2023    514,658             $1.07                                                         $549,742.98
 TOTAL             2,558,874           $1.03                                                         $2,645,012.84

 

                       Platform  Mar. 16, 2023  Mar. 17, 2023  Mar. 20, 2023  Mar. 21, 2023  Mar. 22, 2023
 Volume                TSX       118,158        12,000         40,508         2,700          23,900
                       Pure      0              0              150            0              58
                       Chi-X     45,800         51,000         35,000         75,400         44,900
                       Omega     188,200        223,100        265,300        311,100        206,000
                       TriAct    0              0              100            0              0
                       Alpha     58,800         70,600         30,000         29,800         83,300
                       CNSX      5,700          37,800         5,100          9,600          6,000
                       LYNX      8,300          4,200          5,200          0              4,500
                       NEO       83,900         109,200        133,300        84,200         146,000
 Volume weighted       TSX       $0.99          $1.04          $1.00          $1.06          $1.07

average price (CAD)
                       Pure      -              -              $1.01          -              $1.06
                       Chi-X     $1.01          $1.02          $1.00          $1.06          $1.06
                       Omega     $1.02          $1.02          $1.00          $1.06          $1.07
                       TriAct    -              -              $1.01          -              -
                       Alpha     $1.02          $1.03          $1.00          $1.06          $1.07
                       CNSX      $1.02          $1.02          $1.00          $1.07          $1.07
                       LYNX      $1.00          $1.03          $1.01          -              $1.06
                       NEO       $1.02          $1.03          $1.01          $1.06          $1.07

 

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 338,999,977
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/9330T_1-2023-3-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9330T_1-2023-3-22.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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