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.
