Gran Tierra Energy Inc. Transaction in Own Shares (5933K)
December 22 2022 - 2:00AM
UK Regulatory
TIDMGTE
RNS Number : 5933K
Gran Tierra Energy Inc.
22 December 2022
GRAN TIERRA ENERGY INC.
Company Announcement - Transaction in Own Shares
December 22, 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 December 13 to December 19, 2022:
Transaction Date Daily total volume Daily volume Gross Value (CAD)
(# Shares) weighted average
price of shares
acquired (CAD)
December 13, 2022 514,658 $1.28 $658,599.66
------------------- ------------------ ------------------
December 14, 2022 514,658 $1.25 $643,766.92
------------------- ------------------ ------------------
December 15, 2022 514,658 $1.22 $628,352.10
------------------- ------------------ ------------------
December 16, 2022 514,658 $1.19 $613,970.10
------------------- ------------------ ------------------
December 19, 2022 497,500 $1.18 $589,532.00
------------------- ------------------ ------------------
TOTAL 2,556,132 $1.23 $3,134,220.78
------------------- ------------------ ------------------
Pro Forma Outstanding Shares
shares June 30 368,871,685
------------------------------ -------------------------
options exercised 26,934
------------------------------ -------------------------
Updated Outstanding Shares
as of December 19 368,898,619
------------------------------ -------------------------
Exchange Aggregated Data
Platform Dec. 13, Dec. 14, Dec. 15, Dec. 16, Dec. 19,
2022 2022 2022 2022 2022
---------- --------- --------- --------- --------- ---------
Volume TSX 13,600 43,800 32,500 37,800 14,200
---------- --------- --------- --------- --------- ---------
Pure 58 58 58 58 0
---------------------- --------- --------- --------- --------- ---------
Chi-X 47,200 53,700 94,800 23,300 20,900
---------------------- --------- --------- --------- --------- ---------
Omega 214,200 230,500 100,700 200,400 200,200
---------------------- --------- --------- --------- --------- ---------
TriAct 0 0 0 0 0
---------------------- --------- --------- --------- --------- ---------
Alpha 42,300 36,200 75,800 61,600 123,900
---------------------- --------- --------- --------- --------- ---------
CNSX 1,600 3,700 4,400 2,900 4,000
---------------------- --------- --------- --------- --------- ---------
LYNX 11,400 8,200 22,600 3,600 0
---------------------- --------- --------- --------- --------- ---------
NEO 184,300 138,500 183,800 185,000 134,300
---------------------- --------- --------- --------- --------- ---------
Volume
weighted
average
price
(CAD) TSX $1.29 $1.25 $1.20 $1.20 $1.18
---------- --------- --------- --------- --------- ---------
Pure $1.27 $1.24 $1.20 $1.20 -
---------------------- --------- --------- --------- --------- ---------
Chi-X $1.28 $1.25 $1.22 $1.19 $1.18
---------------------- --------- --------- --------- --------- ---------
Omega $1.28 $1.25 $1.22 $1.19 $1.18
---------------------- --------- --------- --------- --------- ---------
TriAct - - - - -
---------- --------- --------- --------- --------- ---------
Alpha $1.28 $1.26 $1.23 $1.19 $1.19
---------------------- --------- --------- --------- --------- ---------
CNSX $1.28 $1.25 $1.21 $1.20 $1.19
---------------------- --------- --------- --------- --------- ---------
LYNX $1.28 $1.25 $1.21 $1.20 -
---------------------- --------- --------- --------- --------- ---------
NEO $1.28 $1.25 $1.22 $1.19 $1.18
---------------------- --------- --------- --------- --------- ---------
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/5933K_1-2022-12-22.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
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