Endeavour Mining Engages in Recent Share Buyback Activity
Endeavour Mining Announces Share Buyback Activity
London – Endeavour Mining plc (LSE:EDV, TSX:EDV) has revealed a recent transaction involving the purchase of its own ordinary shares. As part of a strategic move aimed at consolidating shareholder value, Endeavour bought back shares from Stifel Nicolaus Europe Limited.
Details of the Buyback Transaction
The company reported that on a certain date, it acquired 9,700 ordinary shares, each valued at USD 0.01. The transaction was executed at a uniform price of 1,520.97 GBp per share. This share repurchase illustrates Endeavour's commitment to its shareholder buyback program which was first introduced in March of the previous year.
Key Facts from the Transaction
- Date of Purchase: 5 September 2024
- Total Shares Bought: 9,700
- Lowest and Highest Price: 1,520.97 GBp
- Average Price Paid: 1,520.97 GBp
Impact on Shares and Voting Rights
Post the cancellation of the repurchased shares, Endeavour Mining will have no ordinary shares held as treasury shares. The total number of ordinary shares outstanding will stand at 244,625,938, which will be crucial for shareholders calculating their voting rights in the company.
Background on the Buyback Program
This initiative is part of the company's broader strategy to enhance shareholder value through effective capital management.
About Endeavour Mining
Endeavour Mining is acknowledged as one of the leading gold producers globally, with a significant presence in West Africa, managing extensive mining assets throughout the region. Its commitment lies in not only responsible mining practices but also in ensuring sustainable development within its communities.
As a member of the World Gold Council, Endeavour emphasizes integrity and sustainability in its operations, with a diverse portfolio spanning advanced development projects and exploration assets across the Birimian Greenstone Belt.
Contact Endeavour Mining
For further inquiries regarding investor relations, Jack Garman, Vice President for Investor Relations, can be reached at +44 203 011 2723 or via email at investor@endeavourmining.com.
The media inquiries can be directed to Carole Cable at Brunswick Group LLP in London at +44 207 404 5959 or at ccable@brunswickgroup.com.
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program is designed to enhance shareholder value and manage capital effectively.
How many shares were repurchased by Endeavour Mining?
A total of 9,700 ordinary shares were repurchased as part of the buyback transaction.
What was the trading price for the shares repurchased?
The shares were repurchased at a price of 1,520.97 GBp each.
Who executed the share buyback for Endeavour Mining?
The share buyback was executed by Stifel Nicolaus Europe Limited.
What is the total number of voting rights post transaction?
The total voting rights will be 244,625,938 ordinary shares following the cancellation of the repurchased shares.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Unusual Bitcoin Mining Delay Sparks Community Discussion
- Insights into the Booming Global Circular Economy Market
- Latest Results from Riksbank's Recent Bond Auctions
- AUKEY Launches Innovative Wireless Chargers Featuring Cooling Tech
- SIFI Unveils Innovations at Renowned Cataract Surgery Congress
- TECNO MEGA MINI Gaming G1 Celebrates Innovation at IFA 2024
- Market Movements: Labor Data and Broadcom's Earnings Impact
- Citi's Perspective on Upcoming Payrolls: Binary Outlook Ahead
- Market Reactions: Understanding Job Data and Fed Policies
- Exploring the US Dollar's Recent Performance Against the Yen
Recent Articles
- Current Insights on Boussard & Gavaudan Shares Performance
- Latest Updates on Boussard & Gavaudan Holding Capital
- Insights on Sampo plc's Recent A Share Buybacks Activity
- Strategic Moves: SBM Offshore Partners with MISC Berhad
- Schneider Electric Introduces Smart Energy Solutions for Homes
- Five Key Questions Ahead of the ECB's Upcoming Rate Decision
- Broadcom Faces Significant Challenges Following Q3 Results
- Empowering African Dreams Through Global Connections
- Understanding the Impact of Payroll Reports on Markets
- Nick Pickles Steps Down from Leadership Role at X After Tenure
- Analyzing Trump’s Proposal to Ban Mortgages for Immigrants
- Exploring the Rising Demand for Dairy Alternatives Globally
- Basilea's Cresemba™ Sales Surge Leads to Major Milestone Payment
- Construction Contract for New Office Building in Tallinn
- TGS Launches Major 2D Seismic Survey in Sumatra Region
- Corporate Advancements of Bedford Metals in Uranium Exploration
- UGREEN's Exciting Uno Series Launches Innovative Chargers
- Japan's Business Leaders Monitor US Review of Steel Acquisition
- Big Lots Faces Financial Challenges as Analysts Adjust Targets
- Unlocking the Future of Finance: WSPN at TOKEN2049 Singapore
- Former Samsung Executive Faces New Theft Allegations in Korea
- Navigating Nvidia's Market Shift: A Buying Opportunity?
- Wall Street's Insights on U.S. Job Market and Fed Decisions
- Japan's Tax Debate: Implications for Investment Income
- Market Shifts: Bitcoin, Dogecoin Struggles, Solana's Potential Rise
- Exploring Dell Technologies' Potential Amid Growth Uncertainties
- Opportunities for Endava plc Investors Amid Class Action Suit
- Multiverse Launches AI Advisory Board to Transform Workforce Skills
- Transforming Healthcare: Insights from the Global Health Exhibition
- UOB Returns to GBP Covered Bond Market with Strong Issuance
- Qualcomm Considers Acquisition of Intel's Design Division
- Hong Kong Trading Suspension Due to Super Typhoon Yagi
- Telegram-Linked Cryptocurrencies Surge After Durov's Statement
- The Rising Popularity of Japanese Products in South Korea
- A Fresh Perspective on Bitcoin ETFs vs Gold ETFs Market Trends
- Bunker Hill Mining Announces Strategic Share Issuance Plan
- YPF S.A. Launches Exchange Offer for Senior Notes Up to $500M
- United Steelworkers Critique US Steel's Leadership Amid Deal Scrutiny
- Varonis Systems Secures $400 Million through Senior Notes
- The Future of 6G: Innovations and the Next Mobile Evolution
- Pampa Energía S.A. Announces Tender Results for Series 1 Notes
- China and Africa Collaborate for Shared Modernization Goals
- Billionaires Show Confidence in Retail Investments
- Paramount Global Executive Receives Massive Severance Package
- US Steel Shares Soar Amid Cleveland-Cliffs Acquisition Talk
- Market Sentiment Shifts Ahead of US Jobs Report
- Key Insights into Today's Top Stocks: Broadcom, Nio & More
- Revamping Real Estate Operations with DashLoops Mobile Platform
- POWERCHINA Advances Energy Cooperation at Zambia Forum
- POWERCHINA Enhances Energy Collaboration with Zambia