ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES
London, 12 February 2025 – Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) announces it has purchased the following number of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited.
Aggregated information:
Dates of purchase: 11 February 2025
Aggregate number of ordinary shares of USD 0.01 each purchased: 40,000
Lowest price paid per share (GBp): 1,757.00
Highest price paid per share (GBp): 1,787.00
Volume weighted average price paid per share (GBp): 1,770.58
Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 243,450,497 ordinary shares in issue.
Endeavour Mining plc has made a significant move by purchasing a large number of its own ordinary shares from Stifel Nicolaus Europe Limited. This transaction is part of the company’s strategic plan to optimize its capital structure and enhance shareholder value.
By buying back its own shares, Endeavour Mining plc is showing confidence in its financial health and future prospects. This move can also signal to investors that the company believes its stock is undervalued, potentially leading to increased investor interest and support.
Additionally, the cancellation of the repurchased shares will result in a reduction of the company’s outstanding shares, which can improve earnings per share and return on equity metrics for existing shareholders.
Impact on Me:
As a shareholder of Endeavour Mining plc, this transaction could positively impact me by potentially increasing the value of my investment. The buyback of shares could signal to the market that the company is financially strong and believes in its future growth, which could lead to a rise in the stock price.
Impact on the World:
From a broader perspective, Endeavour Mining plc’s share buyback could have a ripple effect on the market and industry as a whole. Positive actions by a reputable company like Endeavour Mining plc can boost investor confidence in the sector and stimulate further investment in the mining industry.
Conclusion:
Overall, Endeavour Mining plc’s transaction in its own shares signifies a strategic move to enhance shareholder value and optimize its capital structure. This action can have a positive impact on both individual shareholders and the industry at large, potentially leading to increased confidence in the company and the sector as a whole.
