Endeavour Mining Announces Share Purchase from Stifel Nicolaus Europe Limited
Endeavour Mining plc, a leading gold producer with a solid presence in West Africa, recently announced the purchase of 15,000 ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited. This transaction took place on 21st February 2025.
Aggregated Information
The Company has disclosed the following details regarding this share buyback:
- Dates of purchase: 21st February 2025
- Aggregate number of ordinary shares purchased: 15,000
- Lowest price paid per share: GBp 1,740.00
- Highest price paid per share: GBp 1,772.00
- Volume weighted average price paid per share: GBp 1,760.93
As a result of this transaction, the Company will no longer have any ordinary shares in treasury and will have a total of 243,219,697 ordinary shares in issue.
Impact on Shareholders
This share buyback represents a positive move for Endeavour Mining’s shareholders. By purchasing shares at an average price lower than the current market price, the Company is effectively reducing the number of shares available in the market, thereby increasing the value of the remaining shares. The lower number of shares available for trading could potentially lead to an increase in demand for the stock, pushing up its price.
Impact on the World
The impact of Endeavour Mining’s share buyback on the world at large is not directly significant. However, it could be seen as a reflection of the Company’s confidence in its future growth prospects. A strong balance sheet and a commitment to share buybacks can make a company more attractive to investors, potentially leading to increased interest and investment in the sector as a whole. Furthermore, the Company’s continued focus on gold production in West Africa could contribute to the economic growth and stability of the region.
Conclusion
Endeavour Mining’s share buyback from Stifel Nicolaus Europe Limited is a positive development for the Company’s shareholders, as it reduces the number of shares available in the market and potentially increases the value of remaining shares. The impact on the world is indirect but could lead to increased interest in the gold sector and potential economic benefits for West Africa.
Endeavour Mining continues to demonstrate its commitment to maximizing shareholder value and maintaining a strong balance sheet. This transaction, along with the Company’s ongoing gold production in West Africa, positions Endeavour Mining well for future growth and success.
For further information, please contact:
- Investor Relations
- Endeavour Mining plc
- +44 20 7747 2000
