REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

04/04/2023 07:00

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RNS Number : 2374V  Gran Tierra Energy Inc.  04 April 2023

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

April 4, 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 30
to March 31, 2023:

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

                   (# Shares)
 March 30, 2023    362,544             $1.14                                                         $412,353.65
 March 31, 2023    158,152             $1.20                                                         $190,194.54
 TOTAL             520,696             $1.16                                                         $602,548.19

 

                       Platform  Mar. 30, 2023  Mar. 31, 2023
 Volume                TSX       16,127         8,200
                       Pure      17             0
                       Chi-X     24,600         15,600
                       Omega     190,500        49,200
                       TriAct    0              14,752
                       Alpha     27,100         24,200
                       CNSX      4,000          1,400
                       LYNX      2,200          1,100
                       NEO       98,000         43,700
 Volume weighted       TSX       $1.16          $1.20

average price (CAD)
                       Pure      $1.17          -
                       Chi-X     $1.16          $1.20
                       Omega     $1.13          $1.20
                       TriAct    -              $1.21
                       Alpha     $1.15          $1.20
                       CNSX      $1.13          $1.20
                       LYNX      $1.09          $1.20
                       NEO       $1.14          $1.20

 

All transactions were made under ISIN US38500T1016 and effected by Eight
Capital 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 333,069,042 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/2374V_1-2023-4-3.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2374V_1-2023-4-3.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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