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Gran Tierra Announces Confirmation with Respect to Post-Offer Intention Statements Regarding i3 Energy plc

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Gran Tierra (TSX: GTE) confirmed compliance with post-offer intention statements relating to its acquisition of i3 Energy. The recommended cash-and-shares acquisition was completed and became effective on 31 October 2024 via a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. Gran Tierra has notified the Panel on Takeovers and Mergers that it complied with the post-offer intentions set out under Rules 2.7(c)(viii), 24.2 and Rule 19.6(c) of the Code. The announcement lists Stifel Nicolaus Europe as financial adviser and provides adviser contact details.

Gran Tierra (TSX: GTE) ha confermato la conformità alle dichiarazioni d'intento post-offerta relative all'acquisizione di i3 Energy. L'acquisizione consigliata in contanti e azioni è stata completata ed è entrata in vigore il 31 October 2024 tramite un piano di concordato approvato dal tribunale ai sensi della Parte 26 del Companies Act 2006. Gran Tierra ha notificato al Panel on Takeovers and Mergers di aver rispettato le intenzioni post-offerta indicate ai sensi delle Regole 2.7(c)(viii), 24.2 e della Regola 19.6(c) del Codice. L'annuncio elenca Stifel Nicolaus Europe come consulente finanziario e fornisce i dettagli di contatto del consulente.

Gran Tierra (TSX: GTE) confirmó el cumplimiento de las declaraciones de intención posteriores a la oferta relacionadas con su adquisición de i3 Energy. La adquisición recomendada en efectivo y acciones se completó y entró en vigor el 31 October 2024 mediante un plan de reestructuración aprobado por la corte conforme a la Parte 26 de la Companies Act 2006. Gran Tierra ha notificado al Panel on Takeovers and Mergers que cumplió con las intenciones posteriores a la oferta establecidas en las Reglas 2.7(c)(viii), 24.2 y la Regla 19.6(c) del Código. El anuncio indica a Stifel Nicolaus Europe como asesor financiero y proporciona los datos de contacto del asesor.

Gran Tierra (TSX: GTE)i3 Energy 인수와 관련된 공고 후 의도 진술의 준수를 확인했습니다. 권고 현금 및 주식 인수는 31 October 2024에 법원의 승인에 따른 편에 26부의 Companies Act 2006에 의한 합의 계획에 따라 완료되어 발효되었습니다. Gran Tierra는 Takeovers and Mergers 패널에 공지하여 규칙 2.7(c)(viii), 24.2규칙 19.6(c)의 코드에 따른 공고 후 의도 준수를 통지했습니다. 발표에서는 Stifel Nicolaus Europe를 재정 자문으로 명시하고 자문가의 연락처를 제공합니다.

Gran Tierra (TSX: GTE) a confirmé le respect des déclarations d'intention post-offre relatives à son acquisition de i3 Energy. L'acquisition recommandée en espèces et actions a été achevée et est entrée en vigueur le 31 October 2024 par le biais d'un plan d'arrangement agréé par le tribunal en vertu de la Partie 26 de la Companies Act 2006. Gran Tierra a informé le Panel on Takeovers and Mergers qu'elle s'était conformée aux intentions post-offre prévues par les Règles 2.7(c)(viii), 24.2 et la Règle 19.6(c) du Code. L'annonce mentionne Stifel Nicolaus Europe comme conseiller financier et fournit les coordonnées du conseiller.

Gran Tierra (TSX: GTE) bestätigte die Einhaltung der post-offer Absichtserklärungen im Zusammenhang mit dem Erwerb von i3 Energy. Die empfohlene Bar- und Aktientransaktion wurde abgeschlossen und trat am 31 October 2024 durch einen gerichtlich genehmigten Zusammenschlussplan gemäß Teil 26 des Companies Act 2006 in Kraft. Gran Tierra hat dem Panel on Takeovers and Mergers mitgeteilt, dass sie die nach dem Angebot vorgesehenen Absichten gemäß den Regeln 2.7(c)(viii), 24.2 und der Regel 19.6(c) des Code eingehalten hat. Die Ankündigung führt Stifel Nicolaus Europe als Finanzberater auf und enthält die Kontaktdaten des Beraters.

Gran Tierra (TSX: GTE) أكدت الامتثال لبيانات النية بعد العرض المتعلقة بعملية استحواذها على i3 Energy. تم إكمال وتفعيل الاستحواذ المقترح نقداً وأسهمًا في 31 October 2024 عبر مخطط ترتيب معتمد من المحكمة وفقاً للجزء 26 من Companies Act 2006. أبلغت Gran Tierra اللجنة المسؤولة عن الاندماجات والاستيلاء بأنها امتثلت للنوايا بعد العرض المنصوص عليها وفقاً لـ القواعد 2.7(c)(viii)، 24.2 وبـ القاعدة 19.6(c) من الميثاق. يذكر الإعلان أن Stifel Nicolaus Europe مستشار مالي ويقدم تفاصيل اتصال المستشار.

Positive
  • Acquisition completed and effective on 31 October 2024
  • Formal compliance confirmed to the Panel under Rule 19.6(c)
Negative
  • None.

Insights

Gran Tierra confirms compliance with post-offer intentions after completing the i3 Energy acquisition on 31 October 2024.

Gran Tierra Energy Inc. completed the recommended cash-and-shares acquisition of i3 Energy plc by a Court-sanctioned scheme on 31 October 2024, and has notified the Panel on Takeovers and Mergers under Rule 19.6(c) that it complied with post-offer intention statements made under Rule 2.7(c)(viii) and Rule 24.2. This confirms the buyer executed the stated post-close actions required by the Code.

The main dependency remains adherence to the Code and any outstanding formal confirmations to the Panel; the announcement states that written confirmation was provided. Risks to note are procedural or disclosure gaps if other post-offer undertakings existed, since this notice covers only the specific Rule 19.6(c) confirmation.

Watch for any further Panel correspondence or additional Rule-based disclosures and the original intention statements dated 19 August 2024 and the scheme document published 29 August 2024 for concrete, monitorable commitments over the 12-month post-offer period.

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS

FOR IMMEDIATE RELEASE

CALGARY, Alberta, Oct. 31, 2025 (GLOBE NEWSWIRE) --

Gran Tierra Energy Inc. ("Gran Tierra")

Rule 19.6(c) confirmation with respect to post-offer intention statements regarding i3 Energy plc ("i3 Energy")

Gran Tierra announces that, further to completion on 31 October 2024 of the recommended cash and shares acquisition of the entire issued and to be issued share capital of i3 Energy plc, which was implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 and became effective on 31 October 2024, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that it has complied with the post-offer intention statements made pursuant to Rule 2.7(c)(viii) and Rule 24.2 of the Code, as detailed in its announcement made under Rule 2.7 of the Code on 19 August 2024 and in the scheme document published by i3 Energy on 29 August 2024.

Enquiries: 
  
Stifel Nicolaus Europe Limited (Financial Adviser to Gran Tierra)+44 (0) 20 7710 7600
  
Callum Stewart

Simon Mensley
 


Important Notices Relating to Financial Advisers

Stifel Nicolaus Europe Limited (“Stifel“), which is authorised and regulated by the FCA in the UK, is acting as financial adviser exclusively for Gran Tierra and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Gran Tierra for providing the protections afforded to its clients or for providing advice in relation to matters referred to in this announcement. Neither Stifel, nor any of its affiliates, owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Stifel in connection with this announcement, any statement contained herein or otherwise.


FAQ

When did Gran Tierra (GTE) complete the acquisition of i3 Energy?

The acquisition was completed and became effective on 31 October 2024.

What did Gran Tierra confirm to the Panel under Rule 19.6(c) for GTE?

Gran Tierra confirmed it has complied with its post-offer intention statements under the Code, including Rules 2.7(c)(viii) and 24.2.

How was the i3 Energy acquisition implemented by Gran Tierra (GTE)?

The transaction was implemented by a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Who was Gran Tierra's financial adviser for the i3 Energy deal?

Stifel Nicolaus Europe Limited acted as financial adviser to Gran Tierra.

Where can investors find contact details about Gran Tierra's adviser for the GTE–i3 deal?

Adviser contact details are provided in the announcement: Stifel Nicolaus Europe Limited with a London telephone number.
Gran Tierra Energy

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