Source - LSE Regulatory
RNS Number : 3429E
Gran Tierra Energy Inc.
23 February 2024
 

GRAN TIERRA ENERGY INC.

 

Company Announcement - Transaction in Own Shares

 

 

February 23, 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 February 16 to February 22, 2024:

 

Transaction Date

Daily total volume (# Shares)

Daily volume weighted average price of shares acquired (USD)

Gross Value (USD)

February 16, 2024

14,306

$5.30

$75,892.50

February 20, 2024

14,306

$5.11

$73,124.55

February 21, 2024

14,306

$5.51

$78,808.44

February 22, 2024

14,306

$5.65

$80,768.69

TOTAL

57,224

$5.39

$308,594.18

 

 

 

Platform

Feb. 16, 2024

Feb. 19, 2024

Feb. 20, 2024

Feb. 21, 2024

Feb. 22, 2024

 

TSX

0

0

0

0

0

Volume

Pure

0

0

0

0

0

Chi-X

0

0

0

0

0

Omega

0

0

0

0

0

TriAct

0

0

0

0

0

Alpha

0

0

0

0

0

CNSX

0

0

0

0

0

LYNX

0

0

0

0

0

NEO

0

0

0

0

0

ASE

14,306

0

14,306

14,306

14,306

Volume weighted
average price (USD)

TSX

-

-

-

-

-

Pure

-

-

-

-

-

Chi-X

-

-

-

-

-

Omega

-

-

-

-

-

TriAct

-

-

-

-

-

Alpha

-

-

-

-

-

CNSX

-

-

-

-

-

LYNX

-

-

-

-

-

NEO

-

-

-

-

-

 

ASE

$5.30

-

$5.11

$5.51

$5.65

 

 

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 31,717,485 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/3429E_1-2024-2-23.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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