ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES
London, 31 January 2025
Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) has made an important announcement regarding its own shares. The Company has purchased a significant number of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited. This transaction marks a strategic move for Endeavour Mining plc and is expected to have a positive impact on the company’s overall performance.
Aggregated information
Dates of purchase: 30 January 2025
Aggregate number of ordinary shares of USD 0.01 each purchased: 24,588
Lowest price paid per share (GBp): 1,549.00
Highest price paid per share (GBp): 1,554.67
Volume weighted average price paid per share (GBp): 1,554.20
Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 243,628,697 ordinary shares in issue.
This strategic transaction demonstrates Endeavour Mining plc’s commitment to enhancing shareholder value and optimizing its capital structure. By repurchasing its own shares, the Company aims to improve its financial flexibility and drive long-term growth.
The decision to buy back shares at this time reflects the Company’s confidence in its current financial position and future prospects. It is also indicative of management’s belief in the intrinsic value of Endeavour Mining plc’s shares.
How will this affect me?
As a shareholder of Endeavour Mining plc, this transaction could have several implications for you. The repurchase of shares may lead to an increase in the value of the remaining outstanding shares, as the Company seeks to reduce the overall number of shares in circulation. This could potentially result in a higher stock price and greater returns for shareholders in the future.
How will this affect the world?
While the impact of this transaction on the global economy may be indirect, it is a testament to Endeavour Mining plc’s commitment to sustainable business practices and responsible corporate governance. By optimizing its capital structure and enhancing shareholder value, the Company is contributing to a more stable and resilient financial market, which can have positive ripple effects across the broader economy.
Conclusion
Endeavour Mining plc’s announcement of the transaction in its own shares signals a strategic move to drive long-term value creation and strengthen its financial position. As the Company continues to focus on growth and profitability, shareholders can expect to see potential benefits in the form of increased stock value and improved returns. This transaction also reflects Endeavour Mining plc’s dedication to sustainable business practices and responsible stewardship, contributing to a more robust global economy.
