GRAN TIERRA ENERGY INC.
Company Announcement - Transaction in Own Shares
June 7, 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 3,603,397 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 May 26 to May 29, 2023:
| Transaction Date | Daily total volume (# Shares) | Daily volume weighted average price of shares acquired (CAD) | Gross Value (CAD) |
| May 26, 2023 | 20,400 | $7.16 | $146,082.00 |
| May 29, 2023 | 39 | $7.22 | $281.58 |
| TOTAL | 20,439 | $7.16 | $146,363.58 |
|
| Platform | May. 26, 2023 | May. 29, 2023 |
| Volume | TSX | 4,500 | 0 |
| Pure | 0 | 39 | |
| Chi-X | 4,300 | 0 | |
| Omega | 2,500 | 0 | |
| TriAct | 0 | 0 | |
| Alpha | 5,100 | 0 | |
| CNSX | 200 | 0 | |
| LYNX | 0 | 0 | |
| NEO | 3,800 | 0 | |
| Volume weighted | TSX | $7.15 | - |
| Pure | - | $7.22 | |
| Chi-X | $7.16 | - | |
| Omega | $7.16 | - | |
| TriAct | - | - | |
| Alpha | $7.17 | - | |
| CNSX | $7.15 | - | |
| LYNX | - | - | |
| NEO | $7.15 | - |
All transactions were made under ISIN US38500T1016 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 36,889,862 issued shares and 33,304,860 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/0224C_1-2023-6-7.pdf
Contact Information:
Gary Guidry
Chief Executive Officer
Ryan Ellson
Chief Financial Officer
Rodger Trimble
Vice President, Investor Relations
(403) 265-3221
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