Endeavour Mining Executes Strategic Share Repurchase Plan
Endeavour Mining Announces Share Buyback Activity
Endeavour Mining plc, recognized as a leading gold producer globally and the largest in West Africa, has disclosed recent activities regarding the repurchase of its ordinary shares. This strategic move was executed through Stifel Nicolaus Europe Limited, displaying the company’s commitment to enhancing shareholder value.
Key Details of the Share Repurchase
The company engaged in purchasing a total of 24,588 ordinary shares on a recent date. Notably, the shares were acquired at diverse prices, highlighting the active nature of the buy-back program. The transaction revealed compelling price points, with the lowest share price at GBp 1,549.00 and a peak price of GBp 1,554.67, establishing a volume-weighted average price of GBp 1,554.20.
Impact on Market Position
This share buy-back not only reflects Endeavour's robust financial position but also reinforces the company's focus on returning value to its shareholders. Following the cancellation of these repurchased shares, Endeavour Mining will have no shares held in treasury and a total of 243,628,697 ordinary shares in circulation. This figure will serve as an important reference for shareholders in determining voting rights under the applicable regulations.
Continuing Commitment to Shareholders
Endeavour Mining previously announced its buy-back program on 20 March, demonstrating its dedication to creating shareholder value. This action is part of a broader strategy to optimize capital structure and promote shareholder engagement.
Future Strategic Vision
As a noteworthy member of the World Gold Council, Endeavour Mining is focused on sustainable practices within the mining industry. The company operates assets across regions including Senegal, Cote d'Ivoire, and Burkina Faso. Its strong portfolio not only emphasizes responsible mining but is also indicative of its potential for further growth and exploration in the highly prospective Birimian Greenstone Belt.
Investor Relations and Company Background
For additional inquiries regarding the buy-back program or other shareholder-related matters, Endeavour Mining invites stakeholders to reach out to their Investor Relations team. Led by Vice President Jack Garman, the team is ready to provide insights into the company’s performance and future directions.
Company Overview
Endeavour Mining remains committed to executing its operational strategy effectively while prioritizing responsible mining practices to benefit employees and communities. With its trading presence on both the London Stock Exchange and the Toronto Stock Exchange under the ticker EDV, Endeavour Mining is well-positioned for continued success in the market.
Frequently Asked Questions
What is the purpose of Endeavour Mining's share purchase?
The share purchase aims to return value to shareholders, enhance the company's capital structure, and signal confidence in its financial health.
How many shares were repurchased in this transaction?
A total of 24,588 ordinary shares were repurchased by Endeavour Mining plc.
What was the price range for the repurchased shares?
The prices for the repurchased shares varied, with the lowest at GBp 1,549.00 and the highest at GBp 1,554.67.
How does this affect the voting rights of shareholders?
With the cancellation of repurchased shares, the total voting rights will now be 243,628,697, which shareholders can use as a basis for their notifications regarding interests in the company.
Who can investors contact for more information?
Investors can contact Jack Garman, Vice President of Investor Relations, or reach out to the media relations team for further details.
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