Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan

Executive Summary

• Gran Tierra Energy Inc. received TSX approval to commence a normal course issuer bid, allowing the company to repurchase up to 2,925,720 shares (≈10% of public float) between 6 Nov 2025 and 5 Nov 2026.
• An Automatic Share Purchase Plan has been put in place to enable purchases during periods when standard NCIB activity is restricted (e.g., blackout periods).
• The company highlights that the bid aims to address perceived undervaluation of its shares relative to its operations, growth prospects, and financial position.

Key Details

• Shares Outstanding / Public Float (as of 31 Oct 2025): 35,295,753 issued; 29,257,195 public float.
• Maximum Repurchase Amount: Up to 2,925,720 shares (10% of public float) at prevailing market prices.
• Bid Period: 6 Nov 2025 – 5 Nov 2026 (one‑year term).
• Daily Purchase Cap under ASPP: Up to 12,171 shares per trading day (≈25% of the average daily volume of 48,687 shares over the prior six months).
• Purchase Mechanisms: Open‑market purchases or negotiated off‑market transactions via TSX, NYSE American, or other eligible platforms.
• Historical NCIB Activity: In the preceding twelve months, Gran Tierra repurchased 1,180,752 shares at a VWAP of US $5.61 under a prior NCIB that allowed up to 3,545,872 shares (expiring 5 Nov 2025).
• Exemptive Relief Order (Feb 20 2024): Allows purchase of up to 10% of public float on U.S. trading platforms for 36 months from Feb 12 2024; expires Feb 12 2027.
• Purpose Statement: Management believes the bid can enhance shareholder value when market prices do not fully reflect the company’s operational performance and growth outlook.

Notable Quotes

(No direct quotes were provided in the release.)