Gran Tierra Energy (GTE) has released an update.
Gran Tierra Energy Inc. has actively engaged in repurchasing its shares under a normal course issuer bid initiated in November 2023, with the aim of reducing its share capital and satisfying equity incentive awards. Between May 24 and May 30, 2024, the company acquired a total of 49,606 shares at an average price of CAD 12.45, leading to a reduction in the total number of outstanding shares to 31,293,718. These transactions, which took place on multiple platforms, were part of a strategic effort to enhance shareholder value.
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