Endeavour Mining Announces Share Buyback Activity
London – Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a recent transaction involving the repurchase of its own ordinary shares. This strategic decision is aimed at consolidating value for shareholders, with Endeavour purchasing shares from Stifel Nicolaus Europe Limited.
Details of the Buyback Transaction
The company disclosed that on a specific date, it acquired 9,700 ordinary shares, each with a value of USD 0.01. The transaction was carried out at a consistent price of 1,520.97 GBp per share. This share buyback reflects Endeavour's ongoing commitment to its shareholder buyback program, which was initially launched 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
After the cancellation of the repurchased shares, Endeavour Mining will not hold any ordinary shares as treasury shares. The total number of ordinary shares outstanding will be 244,625,938, which is significant for shareholders when determining their voting rights within the company.
Background on the Buyback Program
This initiative is part of the company's larger strategy to boost shareholder value through effective capital management practices.
About Endeavour Mining
Endeavour Mining is recognized as one of the top gold producers in the world, boasting a strong presence in West Africa and managing extensive mining assets throughout the region. The company is dedicated not only to responsible mining practices but also to fostering sustainable development within the communities it operates.
As a member of the World Gold Council, Endeavour prioritizes integrity and sustainability in its operations, maintaining a diverse portfolio that includes advanced development projects and exploration assets across the Birimian Greenstone Belt.
Contact Endeavour Mining
For further inquiries related to investor relations, Jack Garman, Vice President for Investor Relations, can be contacted at +44 203 011 2723 or via email at investor@endeavourmining.com.
Media inquiries should 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 aims to enhance shareholder value and manage capital effectively.
How many shares were repurchased by Endeavour Mining?
Endeavour Mining repurchased a total of 9,700 ordinary shares 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?
Following the cancellation of the repurchased shares, the total voting rights will amount to 244,625,938 ordinary shares.
