Endeavour Mining Engages in Strategic Share Repurchase

Author: Addison Perry Updated: 05-15-2025 01:45 AM

Endeavour Mining's Strategic Share Repurchase

ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES

Endeavour Mining plc (LSE:EDV, OTC Markets:EDVMF, TSX-V:EDV) has recently announced the purchase of ordinary shares as part of its ongoing commitment to enhance shareholder value.

Aggregated Information

On a designated purchase date, the Company bought a total of 30,000 ordinary shares, reaffirming its strategic approach to share repurchases.

The purchase involved the following noteworthy price points:

Lowest price paid per share (GBp): 2,054.00
Highest price paid per share (GBp): 2,110.00
Volume weighted average price paid per share (GBp): 2,080.81

After the cancellation of these repurchased shares, Endeavour will have no ordinary shares in treasury and a total of 241,501,120 ordinary shares in issue. This total voting right figure serves as a crucial benchmark for shareholders under the FCA's Disclosure Guidance and Transparency Rules.

Details of the Transaction

As per the regulations set forth by Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), Endeavour Mining also provided detailed information regarding individual trades conducted by Stifel Nicolaus Europe Limited as part of this buyback initiative.

Transaction Schedule

The share purchases were executed on a specific date as follows:

Investment Firm: Stifel Nicolaus Europe Limited

Individual Transactions

The transactions were executed at various prices and volumes throughout the purchase period. Some notable individual trades included:

14 May, 12:33 PM - 18 shares at 2,110.00 GBp
14 May, 12:38 PM - 564 shares at 2,108.00 GBp
14 May, 12:54 PM - 564 shares at 2,106.00 GBp
14 May, 01:11 PM - 1,000 shares at 2,100.00 GBp
14 May, 03:23 PM - 66 shares at 2,060.00 GBp
14 May, 04:00 PM - 210 shares at 2,056.00 GBp

Company Overview

Endeavour Mining is recognized as one of the leading gold producers globally, holding a prominent position as the largest in West Africa. The Company has a diverse portfolio that includes operational assets in various countries and a strong pipeline of advanced development projects and explorations within the Birimian Greenstone Belt.

Endeavour is committed to sustainable mining practices, ensuring that it generates long-term value for all stakeholders. The Company takes pride in promoting responsible mining initiatives that enhance the communities and environments in which it operates.

Contact Information

If you wish to reach out to Endeavour Mining for investor relations or media inquiries, the following contacts are available:

Investor Relations:
Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com

Media Inquiries:
Brunswick Group LLP, London
Carole Cable, Partner
+44 207 404 5959
ccable@brunswickgroup.com

Frequently Asked Questions

What is the purpose of the share repurchase by Endeavour Mining?

The share repurchase aims to enhance shareholder value and reduce the number of shares in circulation.

How many shares did Endeavour Mining purchase?

Endeavour Mining purchased 30,000 ordinary shares in the transaction.

What was the highest price paid for the shares?

The highest price paid per share was 2,110.00 GBp.

How many voting rights are available after the share cancellation?

After the cancellation, the total number of voting rights available will be 241,501,120.

Who should I contact for investor relations inquiries?

For investor relations, you can contact Jack Garman at +44 203 011 2723 or investor@endeavourmining.com.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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