Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2024
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Source: Globenewswire
Gran Tierra Energy's Share Buyback Plan: Gran Tierra Energy Inc. has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid, allowing it to repurchase up to 3,545,872 shares over one year starting November 6, 2024, in response to perceived undervaluation of its stock.
Automatic Share Purchase Plan Implementation: The company will implement an Automatic Share Purchase Plan (ASPP) to facilitate share purchases during regulatory blackout periods, with management believing that such actions will benefit shareholders by potentially increasing share value.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
