REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

03/01/2023 17:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230103:nRSC5721La&default-theme=true

RNS Number : 5721L  Gran Tierra Energy Inc.  03 January 2023

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

January 3, 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 December
28 to December 30, 2022:

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

                    (# Shares)
 December 28, 2022  514,658             $1.29                                                         $662,278.82
 December 29, 2022  514,658             $1.30                                                         $670,897.56
 December 30, 2022  514,658             $1.35                                                         $692,491.80
 TOTAL              1,543,974           $1.31                                                         $2,025,668.18

 

 Pro Forma Outstanding Shares
                         shares June 30                                          368,871,685
                         options exercised                                                26,934
                         Updated Outstanding Shares as of December 30            368,898,619

 

 

                       Platform  Dec. 28, 2022  Dec. 29, 2022  Dec. 30, 2022
 Volume                TSX       21,700         11,300         31,200
                       Pure      58             58             58
                       Chi-X     31,100         34,400         40,900
                       Omega     111,200        196,900        220,300
                       TriAct    0              0              0
                       Alpha     84,500         58,900         51,300
                       CNSX      14,400         1,800          4,800
                       LYNX      14,400         15,400         700
                       NEO       237,300        195,900        165,400
 Volume weighted       TSX       $1.29          $1.31          $1.35

average price (CAD)
                       Pure      $1.29          $1.32          $1.35
                       Chi-X     $1.28          $1.31          $1.35
                       Omega     $1.28          $1.30          $1.34
                       TriAct    -              -              -
                       Alpha     $1.29          $1.30          $1.36
                       CNSX      $1.29          $1.30          $1.35
                       LYNX      $1.29          $1.30          $1.34
                       NEO       $1.29          $1.30          $1.34

 

All transactions were made under ISIN US38500T1016 and effected by RBC
Dominion Securities Inc. 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 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/5721L_1-2023-1-3.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5721L_1-2023-1-3.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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSSSFFWDEDSELF