Endeavour Mining Successfully Completes Own Share Transaction
Endeavour Mining Completes Share Purchase Announcement
Endeavour Mining plc announces a significant transaction where it has successfully purchased 4,000 of its ordinary shares of USD 0.01 each. This transaction involved Stifel Nicolaus Europe Limited as the broker facilitating the purchase on behalf of the Company.
Key Transaction Details
On October 28, Endeavour Mining purchased shares at a lowest price of 2,938.00 GBp and a highest price of 3,046.00 GBp per share. The volume-weighted average price stood at 3,016.50 GBp for the total acquired shares. This transaction forms part of the Company's ongoing buy-back program, initially announced in March.
Understanding the Buy-Back Program
The buy-back program is a strategic move aimed at enhancing shareholder value. By reducing the number of shares available in the market, Endeavour Mining aims to consolidate ownership, which may subsequently lead to an increase in the share price. Once the repurchased shares are canceled, the total number of ordinary shares in circulation will be 241,358,712.
Trading and Voting Rights Information
This cancellation of shares implies that Endeavour Mining will not hold any ordinary shares in treasury. Investors can utilize the updated figure—241,358,712 ordinary shares—as the basis for calculating voting rights. This is particularly important for shareholders who need to know their notification responsibilities under the FCA’s Disclosure Guidance and Transparency Rules.
Details of Recent Share Purchases
The transactions carried out on October 28 include various purchases throughout the day. A detailed schedule of the purchases shows multiple trades made at different price points and volumes, emphasizing the active market engagement by the Company and its intentions regarding share price management.
Contact Information
For Investor Relations Enquiries:
Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com
For Media Enquiries:
Brunswick Group LLP in London
Carole Cable, Partner
+ 44 207 404 5959
ccable@brunswickgroup.com
About Endeavour Mining
Endeavour Mining is recognized as a leading gold producer and holds a prominent position within West Africa. With its assets spanning Senegal, Cote d’Ivoire, and Burkina Faso, Endeavour is distinguished by its strong focus on sustainability and responsible mining practices.
The Company is a proud member of the World Gold Council and maintains a commitment to enhancing value for its employees, stakeholders, and the communities in which it operates.
Frequently Asked Questions
What is Endeavour Mining's recent share transaction about?
Endeavour Mining has purchased 4,000 of its ordinary shares as part of a strategic buy-back program to enhance shareholder value.
Who facilitated the share purchase?
The transaction was facilitated by Stifel Nicolaus Europe Limited.
How does a buy-back program benefit shareholders?
By reducing the number of shares in circulation, a buy-back can potentially increase the share price and consolidate ownership among existing shareholders.
What is the implication of canceling the repurchased shares?
Once cancelled, Endeavour Mining will not have any shares held in treasury, leading to 241,358,712 shares in issue, affecting total voting rights.
How can investors contact Endeavour Mining for inquiries?
Investors can reach out to Jack Garman for investor relations at +44 203 011 2723 or via email at investor@endeavourmining.com.
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