REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

25/11/2024 07:00

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RNS Number : 4140N  Gran Tierra Energy Inc.  22 November 2024

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

November 22, 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 15
through November 21, 2024:

 

 Transaction Date   Daily total volume (# Shares)  Daily volume weighted average price of shares acquired (USD)  Gross Value (USD)
 November 15, 2024  20,000                         $6.17                                                         $123,335.30
 November 18, 2024  19,746                         $6.22                                                         $122,746.46
 November 19, 2024  20,000                         $6.18                                                         $123,570.19
 November 20, 2024  20,000                         $6.18                                                         $123,621.07
 November 21, 2024  20,000                         $6.27                                                         $125,364.74
 TOTAL              99,746                         $6.20                                                         $618,637.76

 

                       Platform  Nov. 15, 2024  Nov. 18, 2024  Nov. 19, 2024  Nov. 20, 2024  Nov. 21, 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       20,000         19,746         20,000         20,000         20,000
 Volume weighted       TSX       -              -              -              -              -

average price (USD)
                       Pure      -              -              -              -              -
                       Chi-X     -              -              -              -              -
                       Omega     -              -              -              -              -
                       TriAct    -              -              -              -              -
                       Alpha     -              -              -              -              -
                       CNSX      -              -              -              -              -
                       LYNX      -              -              -              -              -
                       NEO       -              -              -              -              -
                       ASE       $6.17          $6.22          $6.18          $6.18          $6.27

 

 

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 36,261,691 issued and outstanding shares.

 

http://www.rns-pdf.londonstockexchange.com/rns/4140N_1-2024-11-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4140N_1-2024-11-22.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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