Endeavour Mining Announces Ordinary Share Purchases
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Endeavour Mining's Recent Share Transactions
Endeavour Mining plc, a prominent player in the gold production industry, has made headlines with its recent share buyback initiative. The company, recognized for its strategic operations across multiple countries, reported acquiring ordinary shares from Stifel Nicolaus Europe Limited. This step signals Endeavour's commitment to enhancing shareholder value and optimizing its capital structure.
Details of the Share Purchase
On a notable day for investors, Endeavour Mining bought 8,000 of its ordinary shares, signaling positive market strategies. The lowest price paid per share was 1,534.00 GBp, while the highest netted at 1,581.00 GBp, with a volume-weighted average price of 1,551.13 GBp. With these purchases, the company is strategically positioned to enhance shareholder engagement.
Implications of the Share Cancellation
Upon cancellation of the repurchased shares, Endeavour Mining is set to operate with a total of 244,651,638 ordinary shares in circulation. This clearly establishes the total voting rights available to shareholders, empowering them to play a vital role in corporate governance. The detailed transparency in these transactions promotes confidence among the investor community.
Strengthening Shareholder Engagement
This buyback initiative is part of Endeavour Mining's broader buy-back program announced earlier in the year. It reinforces the company’s strategy to return value to its shareholders and supports the commitment to sustainable practices. By reducing the share count, the company aims to increase earnings per share, creating greater returns for current shareholders.
Contact and Investor Relations
For those interested in learning more about Endeavour Mining's transactions or its strategic direction, the company provides essential contact information for investor relations:
- Jack Garman, Vice President of Investor Relations
- Phone: +44 203 011 2723
- Email: investor@endeavourmining.com
For media inquiries, please contact Carole Cable at Brunswick Group LLP in London at +44 207 404 5959 or via email at ccable@brunswickgroup.com.
About Endeavour Mining
Endeavour Mining is one of the leading gold producers globally and the largest in West Africa, boasting robust operations across the region. With its assets primarily in Senegal, Cote d'Ivoire, and Burkina Faso, the company emphasizes sustainable mining practices that benefit stakeholders and local communities. Endeavour is recognized as a member of the World Gold Council and is listed on both the London Stock Exchange and the Toronto Stock Exchange under the ticker EDV.
Frequently Asked Questions
What was Endeavour Mining's recent share buyback transaction?
Endeavour Mining bought back 8,000 ordinary shares from Stifel Nicolaus Europe Limited, part of its buy-back program announced earlier.
How will the repurchased shares affect the company's voting rights?
After the cancellation of these shares, Endeavour Mining will have 244,651,638 shares in issue, directly affecting the voting rights of shareholders.
What are the prices associated with the recent share purchases?
The lowest price paid per share was 1,534.00 GBp, with the highest being 1,581.00 GBp and a volume-weighted average of 1,551.13 GBp.
Who should I contact for more information on Endeavour Mining?
For investor relations inquiries, you can contact Jack Garman at +44 203 011 2723 or email at investor@endeavourmining.com.
What does Endeavour Mining do?
Endeavour Mining is a significant gold producer focused on sustainable mining practices and operates primarily in West Africa.
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