Endeavour Mining's Recent Share Buyback: A Strategic Move
Endeavour Mining's Share Buyback Overview
Endeavour Mining plc (LSE:EDV, OTC Markets:EDVMF, TSX-V:EDV) has made headlines with its recent share buyback initiative, a strategic decision reflecting its commitment to enhancing shareholder value. The company has successfully repurchased ordinary shares from Stifel Nicolaus Europe Limited, demonstrating proactive management of its capital structure.
Details of the Share Purchase
On 30 June 2025, Endeavour purchased a total of 3,000 ordinary shares, showcasing the company's intent to optimize its share capital. The buyback included shares purchased at varying prices, with the lowest being 2,192.00 GBp and the highest at 2,194.00 GBp. The volume-weighted average price for the shares was recorded at 2,193.33 GBp.
Impact of the Buyback on Share Structure
Following the cancellation of these repurchased shares, Endeavour Mining will maintain no ordinary shares in treasury, resulting in a total of 241,784,962 ordinary shares outstanding. This figure is essential for shareholders as the total voting rights in the company will correspond to this number.
Purpose of the Buyback Program
The share repurchase initiative is part of a broader strategy announced on 20 March 2025. Aimed at returning value to shareholders, Endeavour's buyback program is aligned with its goal of enhancing shareholder confidence and stability in the marketplace.
Individual Transaction Breakdown
As mandated by the Market Abuse Regulation, Endeavour has provided transparency regarding the individual trades carried out during this buyback program. The following transactions were executed on 30 June 2025:
| Transaction Date and Time | Volume | Price (GBp) | Trading Venue |
| 30 Jun 2025, 10:08 AM | 400 | 2,192.00 | LSE |
| 30 Jun 2025, 10:08 AM | 600 | 2,192.00 | LSE |
| 30 Jun 2025, 11:29 AM | 439 | 2,194.00 | LSE |
| 30 Jun 2025, 11:29 AM | 561 | 2,194.00 | LSE |
| 30 Jun 2025, 11:56 AM | 900 | 2,194.00 | LSE |
| 30 Jun 2025, 11:56 AM | 100 | 2,194.00 | LSE |
Contact Information
For Investor Relations:
Jack Garman
Vice President of Investor Relations
Phone: +44 203 011 2723
Email: investor@endeavourmining.com
For Media Enquiries:
Carole Cable, Partner
Brunswick Group LLP, London
Phone: +44 207 404 5959
Email: ccable@brunswickgroup.com
About Endeavour Mining PLC
Endeavour Mining stands as a leading gold producer, with its operations primarily in West Africa. Known for its commitment to responsible mining, the company maintains a portfolio of operations in Senegal, Cote d’Ivoire, and Burkina Faso. The firm is dedicated to delivering sustainable value across its operations and to the communities it serves.
Frequently Asked Questions
What is Endeavour Mining's recent share buyback about?
Endeavour Mining's recent share buyback involves the repurchase of 3,000 ordinary shares, aimed at optimizing its capital structure and enhancing shareholder value.
Why is the buyback significant?
The buyback reflects Endeavour's strategy to manage capital effectively while also instilling confidence among investors by returning value to shareholders.
How many shares are outstanding after the buyback?
After the cancellation of the repurchased shares, Endeavour Mining will have 241,784,962 ordinary shares in issue.
What were the prices of the repurchased shares?
The repurchased shares had a volume-weighted average price of 2,193.33 GBp, with individual transactions ranging from 2,192.00 GBp to 2,194.00 GBp.
Who should I contact for more information about Endeavour Mining?
For investor relations inquiries, you can contact Jack Garman, while media inquiries can be directed to Carole Cable at Brunswick Group LLP.
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