Endeavour Mining Boosts Transparency with Share Buyback News
Endeavour Mining Announces Share Buyback
Endeavour Mining plc (LSE:EDV, TSX:EDV) has recently declared an important initiative involving the repurchase of its ordinary shares. This strategic move was executed through Stifel Nicolaus Europe Limited, reflecting the company’s ongoing commitment to maximize shareholder value.
Key Details of the Share Buyback
The recent transaction involved 40,000 ordinary shares with a nominal value of USD 0.01 each. Shares were purchased on January 24, with prices ranging from a low of 1,551.00 GBp to a high of 1,575.00 GBp per share. The volume weighted average price paid was 1,558.67 GBp.
Accumulated Information
After the cancellation of these repurchased shares, Endeavour Mining will hold no shares in treasury, leading to 243,724,985 shares currently available for voting. This number is significant, as it provides shareholders with clarity on their voting rights, following the FCA's disclosure requirements.
Insights on the Buyback Program
This share buyback is part of an overarching program that was initially announced on March 20, 2024. The program is designed to effectively manage the company's capital structure and enhance shareholder returns. With this repurchase, Endeavour Mining is indicative of its robust financial health and commitment to investor interests.
Transactions Under the Buyback
In alignment with the Market Abuse Regulation, a detailed overview of each trade made by Stifel Nicolaus as part of the buyback program is presented below. These transactions not only signify active investment management but also demonstrate Endeavour Mining's effort to provide transparency to its investors.
Contact Information
For investors seeking further clarity about the transaction or the buyback program, Endeavour Mining has designated communication channels:
For Investor Relations Enquiries:
Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com
For Media Enquiries:
Carole Cable
Brunswick Group LLP in London
+ 44 207 404 5959
ccable@brunswickgroup.com
About Endeavour Mining PLC
As one of the senior gold producers globally, Endeavour Mining is recognized for its operational assets in West Africa, including in Cote d’Ivoire, Senegal, and Burkina Faso. The company holds a strong portfolio of advanced development projects and exploration assets, particularly within the Birimian Greenstone Belt.
Company’s Values
Endeavour is dedicated to responsible mining practices and aims to deliver sustainable value to employees, stakeholders, and local communities. Being a member of the World Gold Council, the company emphasizes its commitment to integrating best practices in responsible and sustainable mining operations.
Frequently Asked Questions
1. What prompted Endeavour Mining to announce this buyback?
Endeavour Mining seeks to enhance shareholder value and signify its robust financial standing through this strategic buyback initiative.
2. How many shares were bought back in this transaction?
A total of 40,000 ordinary shares were purchased as part of this buyback program.
3. What is the significance of the voting rights after this transaction?
Following the cancellation of repurchased shares, the total voting rights will stand at 243,724,985, enhancing shareholder transparency.
4. When did the share buyback program initially launch?
The buyback program was first announced on March 20, 2024.
5. How can investors contact Endeavour Mining for inquiries?
Investors can reach out to Jack Garman, the Vice President of Investor Relations, via phone or email for any inquiries.
About The Author
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