Endeavour Mining Announces Share Buy-Back Transaction
Endeavour Mining plc, a leading gold producer, has recently disclosed a transaction involving the purchase of its own ordinary shares from a recognized financial service provider. This move is a critical component of the company's broader strategy to enhance shareholder value and optimize capital structure.
Details of the Share Buy-Back
On the 28th of February 2025, Endeavour Mining purchased an aggregate total of 25,000 ordinary shares at varying prices. The lowest price per share recorded was 1,493.00 GBp, while the highest reached 1,594.58 GBp. The volume-weighted average price across all transactions was 1,556.95 GBp.
Impact on Share Structure
After completing the cancellation of the shares acquired, Endeavour Mining will have effectively eliminated its treasury shares, maintaining a total of 243,054,697 ordinary shares in circulation. This change will provide clarity for shareholders regarding their voting rights and stands to optimize shareholder engagement in future company decisions.
Buy-Back Program Context
This share buy-back is part of Endeavour Mining's announced program aimed at positively influencing the share price and providing flexibility in managing capital. Announced previously, this program underscores the company's commitment to delivering sustainable value and maintaining a robust financial position for future growth.
Individual Transaction Overview
Below we outline the specifics of individual trades executed as part of the buy-back program on the 28th of February. This information provides insight into the trading activity and assists in analyzing the impact of these transactions:
| Transaction Date and Time | Volume | Price (GBp) | Trading Venue |
| 28 Feb 2025, 06:48 AM | 15,000 | 1,594.58 | TSX |
| 28 Feb 2025, 08:01 AM | 289 | 1,505.00 | LSE |
| 28 Feb 2025, 08:01 AM | 711 | 1,505.00 | LSE |
| 28 Feb 2025, 08:04 AM | 1,000 | 1,507.00 | LSE |
| 28 Feb 2025, 08:05 AM | 1,000 | 1,502.00 | LSE |
| 28 Feb 2025, 08:08 AM | 1 | 1,495.00 | LSE |
| 28 Feb 2025, 08:09 AM | 999 | 1,495.00 | LSE |
| 28 Feb 2025, 08:17 AM | 205 | 1,493.00 | LSE |
| 28 Feb 2025, 08:17 AM | 795 | 1,493.00 | LSE |
| 28 Feb 2025, 08:20 AM | 1,000 | 1,493.00 | LSE |
| 28 Feb 2025, 08:32 AM | 150 | 1,503.00 | LSE |
| 28 Feb 2025, 08:32 AM | 850 | 1,503.00 | LSE |
| 28 Feb 2025, 08:49 AM | 245 | 1,503.00 | LSE |
| 28 Feb 2025, 08:49 AM | 755 | 1,503.00 | LSE |
| 28 Feb 2025, 08:50 AM | 959 | 1,502.00 | LSE |
| 28 Feb 2025, 08:50 AM | 41 | 1,502.00 | LSE |
| 28 Feb 2025, 08:53 AM | 708 | 1,502.00 | LSE |
| 28 Feb 2025, 08:53 AM | 292 | 1,502.00 | LSE |
CONTACT INFORMATION
For Investor Relations Enquiries: Jack Garman, Vice President of Investor Relations
Phone: +44 203 011 2723
Email: investor@endeavourmining.com
For Media Enquiries: Carole Cable, Partner, Brunswick Group LLP
Phone: + 44 207 404 5959
Email: ccable@brunswickgroup.com
About Endeavour Mining plc
Endeavour Mining is recognized as one of the largest gold producers on a global scale and asserts its leadership in West Africa. The company operates in various significant regions, including Senegal, Cote d’Ivoire, and Burkina Faso, hosting valuable mining operations and advanced exploration projects. Endeavour is committed to responsible mining practices and strives to add value to its employees, stakeholders, and surrounding communities.
Frequently Asked Questions
What is the purpose of the share buy-back by Endeavour Mining?
The share buy-back aims to enhance shareholder value and optimize the company's capital structure.
How many ordinary shares did Endeavour purchase?
Endeavour Mining purchased a total of 25,000 ordinary shares.
What was the price range for the shares bought back?
The shares were bought at prices ranging from 1,493.00 to 1,594.58 GBp.
How will the buy-back affect the company’s share structure?
After the buy-back, Endeavour will have no treasury shares and 243,054,697 ordinary shares in issue, affecting total voting rights accordingly.
Where can I find more information about Endeavour Mining?
Detailed company information is available on the official website, which provides insights into their operations and commitments.
