Endeavour Mining Executes Share Buy-Back Strategy Successfully
Endeavour Mining's Share Buy-Back Announcement
Endeavour Mining plc is pleased to share exciting news about its recent transaction involving its ordinary shares. The company has effectively purchased a total of 100 ordinary shares of USD 0.01 each through Stifel Nicolaus Europe Limited, showcasing its ongoing commitment to enhancing shareholder value and optimizing its capital structure.
Focus on Shareholder Value Enhancement
As part of a broader strategy to create value for its investors, Endeavour Mining has embarked on a buy-back programme initiated on 20 March 2024. This programme aims to return capital to shareholders while potentially improving share liquidity and market perception of the company’s worth.
Transaction Details and Insights
The recent shares were purchased on 10 March 2025, at a price of approximately 1,622.47 GBp, reflecting the firm’s strong position in the market. Following the cancellation of these repurchased shares, Endeavour Mining will have no ordinary shares held in treasury. The total number of ordinary shares outstanding will now stand at 242,857,597, reinforcing the company's commitment to transparency and compliance with regulatory obligations.
Understanding the Buy-Back Programme
Under the framework of European regulation regarding market abuse, Endeavour Mining has shared aggregated data about its share repurchases, providing clarity and assurance to its shareholders. This transparency is vital as it helps investors understand the rationale behind the buy-back activity. The information includes the transaction date, the number of shares bought back, and the price paid, all critical metrics for shareholders considering their stakes in the company.
Company Overview
Endeavour Mining is one of the leading players in the gold production industry and proudly stands as the largest producer in West Africa. With operations in several countries, including Senegal, Cote d’Ivoire, and Burkina Faso, Endeavour has developed a diverse portfolio of advanced projects and exploration initiatives. Their commitment to responsible mining practices ensures that they not only focus on profitability but also on sustainable development and community engagement.
Commitment to Responsible Mining
Being a member of the World Gold Council, Endeavour Mining adheres to the highest standards in the mining sector. The company aims to deliver sustainable value to its employees and other stakeholders while actively contributing to the environment and the communities where it operates. This dual focus on economic success and ethical practices positions Endeavour as not just a competitor, but a leader in the mining sector.
Contact Information for Inquiries
If you are interested in learning more about Endeavour Mining or have specific queries related to investor relations, please reach out directly to:
Jack Garman
Vice President of Investor Relations
Phone: +44 203 011 2723
Email: investor@endeavourmining.com
For Media Inquiries:
Brunswick Group LLP
Contact Carole Cable, Partner
Phone: +44 207 404 5959
Email: ccable@brunswickgroup.com
Frequently Asked Questions
What is the recent buy-back announcement by Endeavour Mining?
Endeavour Mining has announced that it has successfully purchased 100 ordinary shares as part of its ongoing buy-back programme to enhance shareholder value.
How many ordinary shares are in circulation after the buy-back?
After the cancellation of the repurchased shares, there will be 242,857,597 ordinary shares in issue.
What is the price paid for the shares in the recent transaction?
The shares were purchased at a price of approximately 1,622.47 GBp each.
Who handled the share transactions for Endeavour Mining?
The share purchases were facilitated by Stifel Nicolaus Europe Limited as part of the buy-back programme.
What is Endeavour Mining's commitment to sustainability?
Endeavour is dedicated to responsible mining practices and aims to deliver sustainable value not only to its shareholders but also to the communities and environments where it operates.
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