Endeavour Mining Executes Strategic Share Buyback Initiative
Endeavour Mining Engages in Share Buyback Activities
Endeavour Mining plc (LSE:EDV, TSX:EDV) is taking proactive steps in the market by repurchasing shares from Stifel Nicolaus Europe Limited. This strategic move signals the company's commitment to enhancing shareholder value as it continues its operations across major gold production sites.
Share Buyback Overview
Under this buyback initiative, Endeavour Mining purchased 6,000 ordinary shares priced from 1,553.00 GBp to 1,560.00 GBp. Following this transaction, the Company will not hold any ordinary shares in treasury, and the total number of shares in issuance will stand at 244,619,938. This figure is critical for shareholders as it represents the total voting rights within the Company.
Key Purchase Details
Providing clarity on the transaction, Endeavour noted the volume-weighted average price per share was 1,556.00 GBp. This reflects the company’s strategy to make timely acquisitions that align with market conditions and pricing, reinforcing confidence in its future outlook.
Transparency and Compliance in Trading
The buyback program complies with regulations under the Market Abuse Regulation, ensuring that all trading activities are conducted transparently. The company disclosed all significant trades made as part of this program to maintain openness with its shareholders.
Recent Trading Activity Highlights
On the trading date of September 9, 2024, several transactions were reported, indicating that shares were actively bought throughout the day. The trades were completed predominantly on the London Stock Exchange, demonstrating a robust engagement with market dynamics.
Endeavour Mining's Strategic Vision
As one of the largest gold producers in West Africa, Endeavour Mining is deeply committed to sustainable practices in mining. The company operates various mining assets across several countries, focusing on responsible mining and stakeholder value creation. Its buyback program is a move that reflects both confidence in the future and dedication to return value to its shareholders.
Company Operations and Community Focus
Endeavour Mining has a significant commitment to the communities surrounding its operations. The company aims to leverage its growth to benefit local economies and ensure that its operational practices are responsible and sustainable.
Contact Information for Investors
For any investor relations inquiries, stakeholders can reach out to:
Jack Garman
Vice President of Investor Relations
Phone: +44 203 011 2723
Email: investor@endeavourmining.com
Media Inquiries
For media-related questions, please contact:
Carole Cable
Partner, Brunswick Group LLP in London
Phone: + 44 207 404 5959
Email: ccable@brunswickgroup.com
Frequently Asked Questions
What is the purpose of Endeavour Mining's share buyback?
The share buyback aims to enhance shareholder value and reflect the Company's confidence in its operational strategies and future growth.
How many shares did Endeavour Mining repurchase?
Endeavour Mining repurchased a total of 6,000 ordinary shares during this transaction.
What was the price range of the purchased shares?
The shares were purchased at prices ranging from 1,553.00 GBp to 1,560.00 GBp.
What is the current number of shares in circulation post the buyback?
After the repurchase, there will be 244,619,938 ordinary shares in circulation.
Who can I contact for more information regarding investor relations?
For investor relations inquiries, you can contact Jack Garman at +44 203 011 2723 or via email at investor@endeavourmining.com.
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