REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

15/11/2024 16:00

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RNS Number : 4936M  Gran Tierra Energy Inc.  15 November 2024

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

November 15, 2024

 

On November 4, 2024 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 4, 2024 to commence the 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 3,545,872 of its shares of common stock at prevailing
market prices at the time of purchase. The NCIB commenced on November 6, 2024
and will expire on November 5, 2025, 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 on from November 6 through
November 14, 2024:

 

 Transaction Date   Daily total volume (# Shares)  Daily volume weighted average price of shares acquired (CAD)  Gross Value (CAD)
 November 6, 2024   10,000                         $6.58                                                         $65,810.53
 November 7, 2024   10,000                         $6.72                                                         $67,239.12
 November 8, 2024   10,000                         $6.48                                                         $64,792.69
 November 11, 2024  9,367                          $6.18                                                         $57,930.20
 November 12, 2024  20,000                         $6.16                                                         $123,261.86
 November 13, 2024  19,337                         $6.13                                                         $118,618.09
 November 14, 2024  20,000                         $6.23                                                         $124,609.77
 TOTAL              98,704                         $6.30                                                         $622,262.26

 

                       Platform  Nov 6, 2024  Nov. 7, 2024  Nov. 8, 2024  Nov. 11, 2024  Nov. 12, 2024  Nov. 13, 2024  Nov. 14, 2024
                       TSX
 Volume                Pure      0            0             0             0              0              0              0
                       Chi-X     0            0             0             0              0              0              0
                       Omega     0            0             0             0              0              0              0
                       TriAct    0            0             0             0              0              0              0
                       Alpha     0            0             0             0              0              0              0
                       CNSX      0            0             0             0              0              0              0
                       LYNX      0            0             0             0              0              0              0
                       NEO       0            0             0             0              0              0              0
                       ASE       0            0             0             0              0              0              0
 Volume weighted       TSX       10,000       10,000        10,000        9,367          20,000         19,337         20,000

average price (USD)
                       Pure      -            -             -             -              -              -              -
                       Chi-X     -            -             -             -              -              -              -
                       Omega     -            -             -             -              -              -              -
                       TriAct    -            -             -             -              -              -              -
                       Alpha     -            -             -             -              -              -              -
                       CNSX      -            -             -             -              -              -              -
                       LYNX      -            -             -             -              -              -              -
                       NEO       -            -             -             -              -              -              -
                       ASE       $6.58        $6.72         $6.48         $6.18          $6.16          $6.13          $6.23

 

 

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 36,361,437 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/4936M_1-2024-11-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4936M_1-2024-11-15.pdf)

 

Contact Information:

 

Gary Guidry

Chief Executive Officer

 

Ryan Ellson

Chief Financial Officer

 

Phillip Abraham

Executive Vice President, Legal and Land

(403) 265-3221

info@grantierra.com (mailto:info@grantierra.com)

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