Gran Tierra Energy Inc. Transaction in Own Shares

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 average price (USD)	TSX	10,000	10,000	10,000	9,367	20,000	19,337	20,000
	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 

 

Contact Information:

 

Gary Guidry
Chief Executive Officer

 

Ryan Ellson
Chief Financial Officer

 

Phillip Abraham
Executive Vice President, Legal and Land

[phone]

[e-mail]

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