Endeavour Mining's Strategic Share Buyback Transactions Detailed
Endeavour Announces Share Buyback Details
Endeavour Mining plc has recently revealed important information regarding its ongoing buyback program. This initiative is part of a broader strategy to enhance shareholder value and stabilize market presence. The company purchased 1,000 ordinary shares at a consistent price of 2,250.00 GBp each. This transaction marks a significant step in Endeavour's investment strategy, aimed at bolstering its stock performance.
About the Recent Share Purchase
On a specific date, Endeavour Mining completed its share buyback, signalling confidence in its future performance and commitment to its investors. The company bought back its ordinary shares from Stifel Nicolaus Europe Limited, contributing to an overall reduction in its share count. After this transaction, Endeavour Mining will have 241,854,962 shares outstanding, which will serve as the basis for calculating voting rights in upcoming shareholder meetings.
Buyback Program Overview
The buyback process emphasizes Endeavour's ongoing efforts to maximize value for its shareholders. The decisions regarding the buybacks are made with a keen eye on market conditions and the company's long-term growth potential. With the resolution to reduce the number of ordinary shares, Endeavour is positioning itself to enhance its financial health and shareholder returns.
Detailed Buyback Information
The recent share buyback aligns with the company's strategy announced earlier in the year. Endeavour's buyback program initiated earlier is intended to return surplus capital to shareholders and reinforce confidence in the company's financial stability. The completed transaction involves stringent adherence to regulations under the Market Abuse Regulation, ensuring transparency and compliance.
Transaction Summary
The following are key details from the buyback transaction:
- Shares Purchased: 1,000
- Lowest Price Paid Per Share: 2,250.00 GBp
- Highest Price Paid Per Share: 2,250.00 GBp
- Volume Weighted Average Price: 2,250.00 GBp
- Investment Firm: Stifel Nicolaus Europe Limited
- Trading Venue: LSE
Corporate Information and Contact
For those interested in more details about Endeavour Mining’s operations, the company can provide further inquiries regarding their investor relations:
Contact for Investor Relations:
- Jack Garman
Vice President of Investor Relations
+44 203 011 2723
investor@endeavourmining.com
Media Contacts:
- Carole Cable
Partner at Brunswick Group LLP
+44 207 404 5959
ccable@brunswickgroup.com
About Endeavour Mining plc
Endeavour Mining plc stands as a leading gold producer globally, and particularly the largest in West Africa. Their operations span across several countries, including Senegal, Cote d'Ivoire, and Burkina Faso, showcasing a robust portfolio of projects rich in potential. The company is dedicated to responsible mining, creating sustainable value for employees, stakeholders, and surrounding communities.
As a member of the World Gold Council, Endeavour continues to uphold the principles of ethical mining practices. Admitted to both the London Stock Exchange and the Toronto Stock Exchange, the company trades under the ticker EDV. Their commitment to transparency and strategic growth continues to bolster their investment in community welfare and environmental sustainability.
Frequently Asked Questions
What recent action did Endeavour Mining announce?
Endeavour Mining announced a share buyback transaction, purchasing shares to enhance shareholder value.
How many shares did Endeavour Mining buy back?
The company purchased 1,000 ordinary shares during this transaction.
What was the price range for the shares bought back?
The shares were bought back at a price of 2,250.00 GBp per share.
Who conducted the share buyback?
The buyback was facilitated by Stifel Nicolaus Europe Limited.
What is the significance of this buyback transaction?
This buyback helps to stabilize the market presence of Endeavour Mining while returning capital to shareholders.
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