Endeavour Mining's Latest Share Acquisition Activity Explained
Endeavour Mining Confirms Recent Share Buyback
Endeavour Mining plc, identified by its stock symbols LSE:EDV and TSX:EDV, is excited to announce a new chapter in its share management strategy through recent repurchases of its ordinary shares. This strategic initiative underlines the company's commitment to enhancing shareholder value and optimizing its capital structure.
Overview of Share Purchases
On a recent day, Endeavour Mining executed significant transactions in its own shares, culminating in the acquisition of a total of 42,800 shares. The shares were acquired from Stifel Nicolaus Europe Limited, showcasing Endeavour's proactive approach in managing its capital.
Details of the Transactions
With respect to the recent purchases, the lowest price per share recorded was 1,716.00 GBp, climbing to a peak price of 1,789.82 GBp. This activity reflects a volume-weighted average price of approximately 1,748.73 GBp.
Outcome of the Buyback Program
Upon cancellation of the repurchased shares, Endeavour Mining will have a total of 243,407,697 ordinary shares in circulation. This figure is important for shareholders as it impacts their voting rights and how they calculate their shareholdings under the FCA's Disclosure Guidance and Transparency Rules.
Endeavour Mining's Commitment to Shareholder Value
These recent buybacks are a part of the broader share buy-back program initiated by Endeavour Mining on March 20, 2024. This program is designed to create sustainable value for shareholders, reflecting management's belief in the potential of the company's stock.
Transaction Insights from the Buyback Program
As per market regulations, the transactions are presented below to provide transparency on the share buyback activities:
Individual Transaction Summary
- Transaction Date: 12 February 2025
- Number of Shares Purchased: 12,800 at 1,789.82 GBp on the TSX.
- Smaller quantities were acquired throughout the day, with specific instances including purchases of 279 shares at 1,740.00 GBp and 34 shares at 1,720.00 GBp.
- Multiple rounds of trading at various prices were executed, all contributing to the overall total of 42,800 shares.
Contact Endeavour Mining
For further inquiries regarding investor relations or media requests, stakeholders can reach out to:
Investor Relations
Jack Garman, Vice President
Tel: +44 203 011 2723
Email: investor@endeavourmining.com
Media Inquiries
Carole Cable, Partner at Brunswick Group LLP
Tel: +44 207 404 5959
Email: ccable@brunswickgroup.com
About Endeavour Mining plc
Endeavour Mining is a leading gold producer, recognized as the largest in West Africa, with a diverse range of operating assets in countries such as Senegal and Cote d’Ivoire. The company continues to focus on responsible mining practices, ensuring sustainable value for its workers, stakeholders, and the communities it serves. By trading on the London and Toronto stock exchanges, Endeavour is positioned to deliver significant returns to its investors.
Frequently Asked Questions
What is the purpose of Endeavour Mining’s recent share buybacks?
The share buyback is aimed at enhancing shareholder value and optimizing the company's capital structure.
How many shares were repurchased by Endeavour Mining?
A total of 42,800 ordinary shares were repurchased during the buyback program.
What prices were the shares bought back at?
The shares were acquired at prices ranging from 1,716.00 GBp to 1,789.82 GBp.
How will the buybacks affect shareholders?
Following the cancellation of shares, the total number of shares in circulation will be reduced, influencing the voting rights of existing shareholders.
Who can I contact for more information about Endeavour Mining?
Stakeholders can contact Jack Garman for investor inquiries or Carole Cable for media-related questions using the details provided above.
About The Author
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