Endeavour Mining's Recent Share Buy-Back Initiative
Endeavour Announces Share Buy-Back Activity
Endeavour Mining plc recently revealed a significant purchase of ordinary shares, marking a proactive approach in optimizing its share structure. The company, with its strong position in the gold production sector in West Africa, strives to enhance shareholder value through strategic buy-back programs.
Aggregate Information on Share Purchases
In its latest purchase from Stifel Nicolaus Europe Limited, Endeavour Mining acquired a total of 50,000 ordinary shares. The details of this transaction highlight a range of prices, confirming the company’s commitment to returning value to its shareholders. The lowest price paid for these shares was 1,595.00 GBp, while the highest reached 1,659.00 GBp, with an average purchase price of approximately 1,631.82 GBp.
Impact on Share Structure
After these shares are cancelled, Endeavour Mining will have a total of 242,857,697 ordinary shares in circulation. As a key figure for shareholders, this number can be utilized as a denominator for determining any required disclosures under applicable financial regulations.
Buy-Back Program Insights
The recent share purchases align with Endeavour's buy-back program initiated earlier in the year. This measure reflects the company's ongoing strategy to reinforce its market position and enhance shareholder returns. It’s noteworthy that Endeavour Mining’s active engagement in the market is indicative of its robust financial health and long-term vision.
Individual Transactions
As part of the buy-back initiative, Endeavour Mining provides transparency by disclosing specific transaction details. These purchases were executed throughout a designated timeframe and reflect a structured approach to reinvestment.
Schedule of Individual Purchases
The trading activity included numerous transactions carried out on various dates and times. Each transaction detailed the volume of shares purchased, the corresponding prices, as well as the trading venue, ensuring accountability and clarity for investors.
Endeavour Mining's Operational Landscape
Endeavour Mining is recognized as one of the leading gold producers globally and the largest in West Africa. The company operates several assets across regions, including Senegal and Côte d’Ivoire, showcasing its extensive footprint and dedicated development projects. This strategic positioning underscores its commitment to exploration and sustainable mining practices.
Corporate Communication Details
For any inquiries regarding investor relations, Jack Garman serves as the Vice President of Investor Relations, reachable at +44 203 011 2723 or investor@endeavourmining.com. Media queries can be directed to Carole Cable of Brunswick Group LLP at + 44 207 404 5959 or ccable@brunswickgroup.com.
Commitment to Responsible Mining
Endeavour Mining prides itself on responsible mining principles, focusing on delivering sustainable value to not only its shareholders but also to the communities in which it operates. As a member of the World Gold Council, Endeavour adheres to the highest standards of operation and governance.
Future Outlook
By engaging in strategic initiatives such as share buy-backs, Endeavour Mining positions itself favorably for future growth in the dynamic gold market. Investors can expect continued leadership from the company in the sector and a commitment to enhancing shareholder value amidst ever-evolving market conditions.
Frequently Asked Questions
What prompted Endeavour Mining to implement a buy-back program?
Endeavour Mining's buy-back program is aimed at enhancing shareholder value and optimizing its share structure in response to favorable financial conditions.
How many shares did Endeavour Mining buy-back recently?
Endeavour Mining purchased a total of 50,000 ordinary shares from Stifel Nicolaus Europe Limited.
What were the price ranges for the shares purchased in the program?
The shares were purchased at prices ranging from a low of 1,595.00 GBp to a high of 1,659.00 GBp, averaging at approximately 1,631.82 GBp.
Who can shareholders contact for investor relations inquiries?
Shareholders can contact Jack Garman at +44 203 011 2723 or via email at investor@endeavourmining.com.
What is Endeavour Mining's commitment to mining practices?
Endeavour Mining is committed to responsible mining and delivering sustainable values to stakeholders while adhering to industry best practices.
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