REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

17/11/2023 16:15

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RNS Number : 8813T  Gran Tierra Energy Inc.  17 November 2023

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

November 17, 2023

 

On October 31, 2023 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
November 1, 2023 to commence the 2023 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 3,234,914 of its shares of common stock at
prevailing market prices at the time of purchase. The NCIB commenced on
November 3, 2023 and will expire on November 2, 2024, 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
13 to November 16, 2023:

 Transaction Date   Daily total volume (# Shares)  Daily volume weighted average price of shares acquired (CAD)  Gross Value (CAD)
 November 13, 2023  14,306                         $8.58                                                         $122,789.78
 November 14, 2023  441,500                        $8.70                                                         $3,840,997.00
 November 15, 2023  14,306                         $8.65                                                         $123,799.84
 November 16, 2023  14,306                         $8.30                                                         $118,705.28
 TOTAL              484,418                        $8.68                                                         $4,206,291.90

 

                       Platform  Nov. 13, 2023  Nov. 14, 2023  Nov. 15, 2023  Nov. 16, 2023
 Volume                TSX       5,506          439,700        7,106          7,906
                       Pure      0              0              0              0
                       Chi-X     5,500          1,100          5,300          4,100
                       Omega     2,300          0              1,200          300
                       TriAct    0              0              0              0
                       Alpha     200            500            200            900
                       CNSX      100            0              300            0
                       LYNX      0              0              0              0
                       NEO       700            200            200            1,100
 Volume weighted       TSX       $8.59          $8.70          $8.64          $8.31

average price (CAD)
                       Pure      -              -              -              -
                       Chi-X     $8.57          $8.69          $8.68          $8.29
                       Omega     $8.58          -              $8.62          $8.29
                       TriAct    -              -              -              -
                       Alpha     $8.64          $8.68          $8.66          $8.27
                       CNSX      $8.53          -              $8.62          -
                       LYNX      -              -              -              -
                       NEO       $8.64          $8.70          $8.67          $8.26

 

All transactions were made under ISIN US38500T2006 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 32,666,169 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/8813T_1-2023-11-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8813T_1-2023-11-17.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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