26th Sep 2022 17:11
GRAN TIERRA ENERGY INC.
AMENDED
Company Announcement - Transaction in Own Shares
September 23, 2022
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 September 12, 2022 to September 15, 2022:
Transaction Date | Daily total volume (# Shares) | Daily volume weighted average price of shares acquired (CAD) | Gross Value (CAD) |
September 16, 2022 | 514,658 | $1.85 | $954,577.64 |
September 19, 2022 | 514,658 | $1.87 | $964,800.36 |
September 20, 2022 | 506,600 | $1.85 | $935,011.50 |
September 21, 2022 | 450,000 | $1.83 | $822,126.00 |
September 22, 2022 | 514,658 | $1.80 | $925,134.24 |
TOTAL | 2,500,574 | $1.84 | $4,601,649.74 |
Pro Forma Outstanding Shares | 361,237,233 | ||
| |||
shares June 30 | 368,871,685 | ||
| options exercised | 11,202 | |
| Updated Outstanding Shares as of Aug 22 | 368,882,887 | |
Exchange Aggregated Data
| Platform | Sept 16, 2022 | Sept 19, 2022 | Sept 20, 2022 | Sept 21, 2022 | Sept 21, 2022 |
Volume | TSX | 59,900 | 27,000 | 36,700 | 32,900 | 123,900 |
Pure | 58 | 58 | 0 | 0 | 58 | |
Chi-X | 82,400 | 55,100 | 54,000 | 106,200 | 103,400 | |
Omega | 201,800 | 152,800 | 245,100 | 165,200 | 113,800 | |
TriAct | 0 | 0 | 0 | 0 | 0 | |
Alpha | 44,000 | 84,600 | 43,600 | 54,900 | 21,800 | |
CNSX | 7,800 | 21,600 | 1,700 | 18,800 | 2,000 | |
LYNX | 1,900 | 0 | 0 | 0 | 600 | |
NEO | 116,800 | 173,500 | 125,500 | 72,000 | 149,100 | |
Volume weightedaverage price (CAD) | TSX | $1.87 | $1.88 | $1.87 | $1.83 | $1.79 |
Pure | $1.83 | $1.92 | - | - | $1.78 | |
Chi-X | $1.85 | $1.87 | $1.87 | $1.83 | $1.80 | |
Omega | $1.86 | $1.86 | $1.84 | $1.83 | $1.80 | |
| TriAct | - | - | - | - | - |
Alpha | $1.85 | $1.89 | $1.85 | $1.83 | $1.80 | |
CNSX | $1.87 | $1.88 | $1.83 | $1.82 | $1.81 | |
LYNX | $1.85 | - | - | - | $1.80 | |
NEO | $1.85 | $1.88 | $1.85 | $1.83 | $1.80 |
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 368,882,887 issued and outstanding shares.
Please click on the following LINK for a full breakdown of the individual trades to this announcement.
http://www.rns-pdf.londonstockexchange.com/rns/5292A_1-2022-9-23.pdf
Contact Information:
Gary GuidryChief Executive Officer
Ryan EllsonChief Financial Officer
Rodger TrimbleVice President, Investor Relations
(403) 265-3221
Related Shares:
Gran Tierra