Endeavour Mining Engages in Major Share Buyback Initiative
Endeavour Mining Engages in Major Share Buyback Initiative
Endeavour Mining plc has recently embarked on a significant transaction focusing on the repurchase of its own shares, as part of a broader strategy to reinforce shareholder value and demonstrate its confidence in the company’s future. This initiative follows their previously announced buyback program aimed at optimizing capital allocation.
Overview of the Share Purchase
The company executed the buyback program through a purchase on June 24, 2025, managed by Stifel Nicolaus Europe Limited. A total of 30,000 ordinary shares were acquired at a mix of prices, with the lowest recorded at 2,200.00 GBp and the highest at 2,292.00 GBp. The volume-weighted average price paid for the shares stood at 2,258.73 GBp. This strategic move is projecting a more robust capital framework and is indicative of Endeavour's proactive approach in capital management.
Cancellation and Impact on Shares
Following the cancellation of the repurchased shares, Endeavour will have no ordinary shares remaining in treasury, bringing the total to 241,855,962 ordinary shares issued. As a result, this figure will now serve as the denominator for shareholders to determine their notification requirements under the relevant FCA's Disclosure Guidance and Transparency Rules.
Validation of Buyback Program
This buyback initiative is directly aligned with Endeavour Mining's strategic growth plans outlined earlier in 2025. By lowering the number of shares in circulation, Endeavour not only improves its earnings per share metric but also sends a positive signal to investors regarding the company's financial health and growth trajectory.
Detailed Transaction Information
In compliance with market regulations, Endeavour Mining has provided transparent details of its share acquisition process. These transactions are an important aspect of maintaining corporate integrity and accountability. Each transaction carried out by Stifel Nicolaus Europe Limited is carefully documented to ensure compliance with all standard trading practices.
Insights from Individual Transactions
The company's shares were bought across multiple trades on the London Stock Exchange (LSE), with varied volumes reflecting the ebb and flow of market conditions. Transactions included purchases of 228 shares at the price of 2,286.00 GBp and larger blocks of up to 1,065 shares, reinforcing the commitment to both buyback execution and shareholder interests.
Endeavour Mining's Position in Gold Production
Endeavour Mining continues to stand as a prominent entity in the global gold production landscape, recognized not only as the largest gold producer in West Africa but also for its strong management and responsible mining practices. With operational assets spread across several countries, including Senegal and Côte d'Ivoire, the company is strategically positioned to harness the economic potential of the Birimian Greenstone Belt.
Commitment to Sustainable Practices
As a member of the World Gold Council, Endeavour Mining pledges to uphold sustainable mining practices, striving to create lasting value for all stakeholders including shareholders, employees, and the surrounding communities. Their initiatives reflect a commitment to balancing economic advancement while protecting the environment, aligning corporate governance with social responsibility.
Contact Endeavour Mining
For inquiries related to investor relations, please reach out to:
Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com
For media related inquiries, contact:
Carole Cable
Brunswick Group LLP
+44 207 404 5959
ccable@brunswickgroup.com
Frequently Asked Questions
What is the purpose of Endeavour Mining’s share buyback?
Endeavour Mining’s share buyback aims to enhance shareholder value by reducing the number of shares in circulation, which typically increases earnings per share.
When did Endeavour Mining announce its buyback program?
The buyback program was announced earlier in 2025 to optimize capital allocation and reinforce market confidence in the company's future.
What was the average price paid per share during the buyback?
The volume-weighted average price paid per share was 2,258.73 GBp.
How many shares did Endeavour Mining repurchase in total?
A total of 30,000 ordinary shares were repurchased under the buyback initiative.
Who can shareholders contact for more information?
Shareholders can contact Jack Garman for investor inquiries or Carole Cable for media inquiries at Endeavour Mining for further information.
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