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.
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