ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES
London, 30 January 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: 29 January 2025
- Aggregate number of ordinary shares of USD 0.01 each purchased: 52,300
- Lowest price paid per share (GBp): 1,536.43
- Highest price paid per share (GBp): 1,557.00
- Volume weighted average price paid per share (GBp): 1,544.14
Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 243,653,285 ordinary shares in issue.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus nec urna dignissim, malesuada lectus at, convallis libero. Nullam vehicula pretium dolor, id convallis diam tincidunt sed. Quisque ligula diam, malesuada eu dolor vel, tempus fermentum augue. Nullam a massa nec est hendrerit dapibus. Vestibulum id ultricies odio. Sed tincidunt sapien eget purus ultrices, et accumsan nulla posuere. Fusce semper dictum elit, nec dictum mauris interdum eu. Donec in nunc mauris. Nulla vitae augue a sem varius facilisis.
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Proin gravida a ligula nec commodo. Sed et purus convallis, posuere neque ut, interdum elit. Ut at lacus at quam placerat commodo. Quisque blandit dolor cursus, faucibus urna non, tempor urna. In vulputate urna sit amet mauris tristique, et pretium metus volutpat. Aenean nec dolor eget justo tincidunt finibus id non sapien. Curabitur fringilla aliquet magna in tincidunt.
How this will affect me?
As a shareholder of Endeavour Mining plc, this transaction may have an impact on your investment. With the repurchase of shares, the company is reducing the number of outstanding shares in the market, which could potentially increase the value of each remaining share. This move could also signal confidence in the company’s performance and future prospects, which may positively influence investor sentiment.
How this will affect the world?
While this transaction may seem like a small-scale event, it is part of the larger picture of global financial markets. Share buybacks can have ripple effects on the broader economy, influencing stock market trends and investor behavior. In the case of Endeavour Mining plc, this move could impact the mining industry as a whole, potentially shaping investor perceptions of the sector’s health and stability.
Conclusion
In conclusion, Endeavour Mining plc’s transaction in its own shares is a strategic move that can have far-reaching implications for both individual investors and the wider global financial landscape. As the company continues to navigate market dynamics, it will be interesting to see how this decision plays out in the days and weeks to come.
