Implied value 13.92 pence/share (Il Sole 24 Ore Radiocor) - London, 20 Aug - The Canadian energy group Gran Tierra said that it has reached an agreement to buy London-listed i3 Energy through a cash and share offer.

The acquisition implies a value of 13.92 pence per i3 Energy share and 174.1 million pounds overall.

Each i3 Energy shareholder will be entitled to one new Gran Tierra Share per every 207 i3 Energy shares held and 10.43 pence cash per share.

In addition, each i3 Energy shareholder will receive a cash dividend of 0.2565 pence per share in lieu of the ordinary dividend in respect of the three month period ending September 30.

Following completion of the acquisition, i3 Energy shareholders will own up to 16.5% of Gran Tierra.

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(RADIOCOR) 20-08-24 11:36:32 (0243) 5 NNNN