Endeavour Mining Engages in Notable Share Buyback Activity
Endeavour Mining's Recent Share Repurchase Announcement
Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced an important development regarding its own shares, specifically relating to its share repurchase program. This decision was initiated as part of a strategy to optimize capital structure and enhance shareholder value. These repurchases involve the acquisition of ordinary shares worth USD 0.01 each from the investment firm Stifel Nicolaus Europe Limited.
Details of the Share Purchases
Recently, the company revealed that it purchased a total of 1,000 ordinary shares. The share buyback took place on March 24, 2025, with a notable price range. Both the lowest and highest price paid per share during this transaction was recorded at 1,740.00 GBp. The volume-weighted average price matched this figure, reflecting a consistent evaluation of these shares during the buyback period.
Impact on Total Ordinary Shares
Upon the cancellation of these repurchased shares, Endeavour Mining will have no ordinary shares held in treasury. The total ordinary shares in circulation will stand at 242,385,783. This number is critical for shareholders as it serves as the basis for determining voting rights and any changes to their interests in the company, according to the FCA's Disclosure Guidance and Transparency Rules.
Buyback Program Overview
This recent round of share purchases forms an integral part of Endeavour Mining's ongoing buyback program, which was first made public on March 20, 2024. By actively managing its share repurchase strategy, the company aims to enhance shareholder returns and consolidate its market presence. Such efforts reflect the company's commitment to maintaining a strong balance sheet and maximizing shareholders' interests.
Transaction Insights: Individual Trades
The transactions executed as part of the share buyback program are documented accurately and are made available for transparency. Stifel Nicolaus Europe Limited facilitated these individual trades within a short time window, ultimately enhancing the liquidity position for shareholders.
| Transaction Date and Time | Volume | Price (GBp) | Trading Venue |
| 24 Mar 2025, 12:17 PM | 89 | 1,740.00 | LSE |
| 24 Mar 2025, 12:17 PM | 200 | 1,740.00 | LSE |
| 24 Mar 2025, 12:17 PM | 556 | 1,740.00 | LSE |
| 24 Mar 2025, 12:17 PM | 155 | 1,740.00 | LSE |
Contact Information for Inquiries
For additional information, Endeavour Mining welcomes inquiries through dedicated channels. For investor relations, please contact:
Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com
For media inquiries, please reach out to:
Carole Cable
Partner, Brunswick Group LLP
+44 207 404 5959
ccable@brunswickgroup.com
Understanding Endeavour Mining's Position
Endeavour Mining continues to establish itself as a leading player in the gold mining sector, particularly in West Africa. With operational assets spread across countries and a robust exploration portfolio, the company remains committed to sustainable mining practices. Each strategic decision, including the recent buyback, plays a vital role in aligning with its long-term growth objectives.
Frequently Asked Questions
1. What is the reason behind Endeavour Mining's share buyback plan?
The share buyback plan aims to optimize the capital structure and enhance shareholder value.
2. How many shares did Endeavour Mining purchase in this buyback?
Endeavour Mining purchased a total of 1,000 ordinary shares.
3. What was the price range for the repurchased shares?
The lowest and highest price paid per share during the transaction was 1,740.00 GBp.
4. How many total ordinary shares will remain after the cancellation?
After cancellation, there will be a total of 242,385,783 ordinary shares in issue.
5. Who should shareholders contact for inquiries?
Shareholders can reach Jack Garman for investor relations or Carole Cable for media inquiries.
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