REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

26/01/2024 16:15

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RNS Number : 1117B  Gran Tierra Energy Inc.  26 January 2024

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

January 26, 2024

 

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 January
19 to January 25, 2024:

 

 Transaction Date  Daily total volume (# Shares)  Daily volume weighted average price of shares acquired (USD)  Gross Value (USD)
 January 19, 2024  14,306                         $4.79                                                         $68,500.46
 January 22, 2024  14,306                         $4.92                                                         $70,354.98
 January 23, 2024  14,306                         $4.96                                                         $70,992.41
 January 24, 2024  14,306                         $5.21                                                         $74,481.73
 January 25, 2024  14,306                         $5.14                                                         $73,541.23
 TOTAL             71,530                         $5.00                                                         $357,870.81

 

 

                       Platform  Jan. 19, 2024  Jan. 22, 2024  Jan. 23, 2024  Jan. 24, 2024  Jan. 25, 2024
                       TSX       0              0              0              0              0
 Volume                Pure      0              0              0              0              0
                       Chi-X     0              0              0              0              0
                       Omega     0              0              0              0              0
                       TriAct    0              0              0              0              0
                       Alpha     0              0              0              0              0
                       CNSX      0              0              0              0              0
                       LYNX      0              0              0              0              0
                       NEO       0              0              0              0              0
                       ASE       14,306         14,306         14,306         14,306         14,306
 Volume weighted       TSX       -              -              -              -              -

average price (USD)
                       Pure      -              -              -              -              -
                       Chi-X     -              -              -              -              -
                       Omega     -              -              -              -              -
                       TriAct    -              -              -              -              -
                       Alpha     -              -              -              -              -
                       CNSX      -              -              -              -              -
                       LYNX      -              -              -              -              -
                       NEO       -              -              -              -              -
                       ASE       $4.79          $4.92          $4.96          $5.21          $5.14

 

 

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 31,989,299 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/1117B_1-2024-1-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1117B_1-2024-1-26.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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