Endeavour Mining Announces Share Transactions
Endeavour Mining plc is pleased to inform its investors about a recent transaction involving the repurchase of ordinary shares. This strategic decision is a part of the company’s ongoing initiative to enhance shareholder value and maintain flexibility in capital management.
Details of the Share Purchase
The company recently purchased a total of 110,000 ordinary shares at a range of prices, which reflects a commitment to optimizing its capital structure. The transaction took place on the specified date, through Stifel Nicolaus Europe Limited.
Price Breakdown
Here are the details regarding the purchase prices and volumes:
- The lowest price paid per share was 1,739.00 GBp. - The highest price paid per share reached 1,788.00 GBp. - The volume-weighted average price for these shares was 1,769.51 GBp.
Impact on Share Structure
Post-cancellation of these repurchased shares, Endeavour Mining will no longer hold any ordinary shares in treasury. The company will subsequently have a total of 242,275,783 ordinary shares in issue, which represents the total voting rights available to shareholders.
Guidelines for Shareholders
Shareholders should note the new total number of voting rights as this figure should be used for calculations pertaining to interests in Endeavour Mining under the FCA's Disclosure Guidance and Transparency Rules. This proactive measure is part of the company's broader buy-back program, which was initially announced earlier.
Additional Transaction Insights
In compliance with reporting regulations, the company is committed to transparency and will continue providing detailed reports on all significant transactions. Investors are encouraged to remain informed about future buy-back initiatives, ensuring they can make educated decisions regarding their holdings.
Company and Market Position
Endeavour Mining plc is recognized as a leading gold producer and has established a strong presence in West Africa’s mining sector. With a commitment to sustainable practices, Endeavour Mining is focused on delivering value to its shareholders while adhering to responsible mining principles.
Contact Information for Inquiries
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 at Brunswick Group LLP - Phone: +44 207 404 5959 - Email: ccable@brunswickgroup.com
About Endeavour Mining
Endeavour Mining is the largest gold producer in West Africa, with operations spanning multiple countries. The company is dedicated to responsible mining and aims to provide sustainable value to all stakeholders.
Frequently Asked Questions
What is Endeavour Mining's recent share transaction about?
Endeavour Mining has repurchased ordinary shares to optimize its capital structure and improve shareholder value.
How many shares were involved in the recent transaction?
The company purchased a total of 110,000 ordinary shares as part of its buy-back program.
What was the price range for the recently purchased shares?
The shares were purchased at a price ranging from 1,739.00 to 1,788.00 GBp.
How will this affect the total number of shares issued?
Following the cancellation of the repurchased shares, Endeavour Mining will have 242,275,783 ordinary shares in issue.
Who can shareholders contact for inquiries regarding their investments?
Shareholders can contact Jack Garman for investor relations queries or Carole Cable for media inquiries regarding the company's affairs.
