Endeavour Mining Completes Strategic Share Buyback Program

Endeavour Mining Announces Major Share Buyback Transactions

Endeavour Mining plc, a key player in the gold production sector, has recently disclosed its decision to purchase ordinary shares as part of a strategy aimed at bolstering shareholder value. This buyback initiative demonstrates Endeavour's commitment to enhancing its capital structure and reinforcing investor confidence.

Details of the Share Purchase Program

The Company acquired a total of 5,500 ordinary shares, each valued at USD 0.01, as part of its ongoing buyback program. The recent transaction, executed with the assistance of Stifel Nicolaus Europe Limited, reveals the detailed operations behind this strategic decision.

Transaction Insights

The acquisition of shares took place on a specific date, showcasing Endeavour’s active participation in the market. This buyback aligns with the company’s broader strategy outlined earlier this year, emphasizing the importance of investor returns and stock liquidity.

Aggregate Share Purchase Information

The latest transaction illustrates Endeavour Mining's approach in taking advantage of market conditions to repurchase shares. The lowest price for shares during the buyback was 1,811.00 GBp, with the highest reaching 1,816.00 GBp, and a volume-weighted average price of 1,813.91 GBp. Such data is crucial for investors looking to understand the market behavior related to shares of the Company.

Impact on Outstanding Shares

Upon conclusion of the buyback and subsequent cancellation of the acquired shares, Endeavour Mining will have no ordinary shares held in treasury. The total number of ordinary shares currently in issue stands at 244,587,638. This significant figure reflects the voting rights available to shareholders, a critical aspect for those involved in corporate governance.

Strategic Commitments

Endeavour Mining, recognized as one of the leading gold producers globally, is dedicated not only to business success but also to responsible mining practices. The shares repurchased are part of a broader effort to ensure sustainable growth and expansion while continually enhancing shareholder value.

About Endeavour Mining

Endeavour Mining is recognized as one of West Africa’s largest gold producers, with a rich legacy in the mining sector. The Company operates in various African nations, focusing on sustainable practices that benefit both the business and the local communities.

As a member of the World Gold Council, Endeavour Mining adheres to principles that promote responsible mining and are devoted to delivering value not only to its shareholders but also to the societies within which it operates. The Company trades under the ticker symbol EDV on both the London Stock Exchange and the Toronto Stock Exchange.

Frequently Asked Questions

1. What is Endeavour Mining's recent share buyback program?

Endeavour Mining has executed a share buyback program, purchasing 5,500 shares to enhance shareholder value and reduce outstanding shares.

2. How many shares are currently outstanding for Endeavour Mining?

After the recent share buyback, Endeavour Mining has a total of 244,587,638 ordinary shares in issue.

3. What were the prices paid for the shares during the buyback?

The lowest price paid per share was 1,811.00 GBp, while the highest was 1,816.00 GBp, with an average price of 1,813.91 GBp.

4. Who facilitated the share purchases for Endeavour Mining?

The share purchases were carried out with the assistance of Stifel Nicolaus Europe Limited as part of Endeavour Mining's buyback strategy.

5. Why is share buyback significant for companies?

Share buybacks are significant as they can enhance shareholder value, improve earnings per share, and demonstrate a company's confidence in its future prospects.

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