Endeavour Mining's Ongoing Share Repurchase Efforts

Endeavour Mining Announces Share Buyback Activities

Endeavour Mining plc (LSE:EDV, TSX:EDV) has recently communicated its strategic action of repurchasing shares, demonstrating its commitment to capital management and strengthening shareholder value. The company bought a significant number of ordinary shares through the trading firm, Stifel Nicolaus Europe Limited.

Purchase Summary

On a designated purchase date, Endeavour Mining acquired a total of 20,000 ordinary shares with a nominal value of USD 0.01 each. The prices per share varied, with the lowest price at 1,794.00 GBp and the highest reaching 1,806.00 GBp. The volume-weighted average price for these shares stood at 1,802.99 GBp.

Impact on Total Shares

After concluding the share buyback and subsequent cancellation of these shares, Endeavour Mining will not hold any ordinary shares in treasury, leaving 244,567,638 ordinary shares outstanding. This figure will serve as the denominator for calculating voting rights applicable to shareholders under regulatory requirements.

Insider Details of Transactions

In compliance with regulatory mandates, Endeavour Mining has released detailed trading information. This includes several transactions conducted on the buyback date, all through Stifel Nicolaus Europe Limited as the investment firm. This structured approach aligns with the company’s larger buyback program initiated earlier in the year.

Detailed Transaction Data

The trading data shows multiple buy transactions occurring at similar timestamps which indicated the market's active participation in the buyback. Each transaction documented the number of shares acquired, the price, and the trading venue, reinforcing Endeavour’s transparency in its equity management.

Communicating with Shareholders

Endeavour Mining prioritizes open dialogue with its investors. For inquiries regarding the latest investor relations, individuals can reach out to Jack Garman, the Vice President of Investor Relations, at +44 203 011 2723 or via email at investor@endeavourmining.com. Media inquiries can also go to Carole Cable from Brunswick Group LLP.

Endeavour Mining's Position in the Industry

Recognized as a leading gold producer, Endeavour Mining holds a prominent position in West Africa with operations spanning Senegal, Cote d’Ivoire, and Burkina Faso. The company maintains a dynamic portfolio that not only includes active mining sites but also advanced development projects and exploration endeavors in the Birimian Greenstone Belt — a region well-known for its rich mineral resources.

Endeavour Mining adheres to principles of responsible mining and is part of the esteemed World Gold Council. The company is dedicated to sustainability and community value creation across its operational regions, ensuring that its growth contributes positively to the local ecosystems and economies.

Frequently Asked Questions

What is the purpose of the share buyback program?

The share buyback program aims to optimize capital management and enhance shareholder value.

How many shares did Endeavour Mining purchase?

Endeavour Mining purchased a total of 20,000 ordinary shares during the transaction.

What was the average price paid for the shares?

The volume-weighted average price paid per share was 1,802.99 GBp.

Who can I contact for investor relations issues?

For inquiries related to investor relations, please contact Jack Garman at +44 203 011 2723 or email investor@endeavourmining.com.

What regions does Endeavour Mining operate in?

Endeavour Mining operates primarily in West Africa, with assets in Senegal, Cote d’Ivoire, and Burkina Faso.

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