REG - Gran Tierra Energy - Transaction in Own Shares

Gran Tierra EnergyAnnouncement

02/04/2024 07:00

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RNS Number : 8307I  Gran Tierra Energy Inc.  01 April 2024

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

March 28, 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 March 22
to March 28, 2024:

 

 Transaction Date  Daily total volume (# Shares)  Daily volume weighted average price of shares acquired (CAD)  Gross Value (CAD)
 March 22, 2024    14,306                         $9.04                                                         $129,271.36
 March 25, 2024    14,306                         $9.32                                                         $133,331.28
 March 26, 2024    14,306                         $9.51                                                         $136,120.24
 March 27, 2024    14,306                         $9.48                                                         $135,587.24
 March 28, 2024    14,306                         $9.67                                                         $138,295.20
 TOTAL             71,530                         $9.40                                                         $672,605.32

 

 

                       Platform  Mar. 22, 2024  Mar. 25, 2024  Mar. 26, 2024  Mar. 27, 2024  Mar. 28, 2024
                       TSX       4,300          6,900          6,100          7,106          9,000
 Volume                Pure      6              6              6              0              6
                       Chi-X     4,500          3,600          6,200          4,300          4,200
                       Omega     2,300          1,700          500            500            0
                       TriAct    0              0              0              0              0
                       Alpha     2,500          400            500            600            0
                       CNSX      300            700            0              800            100
                       LYNX      0              0              0              0              0
                       NEO       400            1,000          1,000          1,000          1,000
                       ASE       0              0              0              0              0
 Volume weighted       TSX       $9.04          $9.33          $9.52          $9.49          $9.68

average price (USD)
                       Pure      $9.06          $9.38          $9.54          -              $9.70
                       Chi-X     $9.02          $9.32          $9.50          $9.46          $9.65
                       Omega     $9.02          $9.31          $9.53          $9.50          -
                       TriAct    -              -              -              -              -
                       Alpha     $9.06          $9.24          $9.62          $9.49          -
                       CNSX      $9.05          $9.22          -              $9.42          $9.67
                       LYNX      -              -              -              -              -
                       NEO       $9.02          $9.33          $9.51          $9.47          $9.66

 

 

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 31,401,214 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/8307I_1-2024-4-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8307I_1-2024-4-1.pdf)

 

 

Contact Information:

 

Gary Guidry

Chief Executive Officer

 

Ryan Ellson

Chief Financial Officer

 

Phillip Abraham

Vice President, Legal and Business Development

(403) 265-3221

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

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