Endeavour Announces Additional Listing

Rhea-AI Summary

Endeavour Mining has applied to the Financial Conduct Authority and London Stock Exchange for the listing of 350,000 new ordinary shares, each valued at US$0.01. The new shares, expected to be admitted on February 7, 2025, will be reserved under a block listing for future issuance through the company's share incentive plans, including the Executive Performance Share Plan, Executive Performance Share Unit Plan (Non-UK Participants), and Employee Performance Share Unit Plan.

These new shares, when issued, will have equal rights (pari passu) with existing shares. The block listing application is specifically designated for potential awards under the company's performance share plans.

Positive

• Creation of share reserve provides flexibility for employee incentive programs
• Equal rights status of new shares maintains shareholder equality

Negative

• Potential future dilution of 350,000 shares for existing shareholders

                

ENDEAVOUR ANNOUNCES BLOCK LISTING APPLICATION TO THE LONDON STOCK EXCHANGE

London, 5 February 2025 – Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for 350,000 ordinary shares of US$0.01 each in the Company ("New Shares") to be admitted to the FCA Official List and to trading on the main market for listed securities of the London Stock Exchange.

Subject to approval by the Financial Conduct Authority and the London Stock Exchange, the New Shares are expected to be admitted on 7 February 2025.

The New Shares are being reserved under a block listing and may be issued in the future as a result of the award of ordinary shares of US$0.01 each in the Company (“Shares”) pursuant to certain of the Company's share incentive plans which may be exercised from time to time.

The block listing is in respect of the following Company performance share plans:

• Executive Performance Share Plan;
• Executive Performance Share Unit Plan (Non-UK Participants); and
• Employee Performance Share Unit Plan.
  
  

When issued, these New Shares will rank pari passu with existing Shares.

CONTACT INFORMATION

For Investor Relations Enquiries:	For Media Enquiries:
Jack Garman	Brunswick Group LLP in London
Vice President of Investor Relations	Carole Cable, Partner
+44 203 011 2723	+44 207 404 5959
investor@endeavourmining.com	ccable@brunswickgroup.com

ABOUT ENDEAVOUR MINING PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

Attachment

• Blocklisting February 2025

FAQ

How many new shares is Endeavour Mining (EDVMF) listing on the London Stock Exchange?

Endeavour Mining is listing 350,000 new ordinary shares, each with a value of US$0.01.

When will the new Endeavour Mining shares be admitted to trading?

The new shares are expected to be admitted to trading on February 7, 2025, subject to regulatory approval.

What is the purpose of Endeavour Mining's block listing application?

The block listing is intended to reserve shares for future issuance under the company's performance share plans for executives and employees.

Which share incentive plans are covered under Endeavour Mining's block listing?

The block listing covers three plans: Executive Performance Share Plan, Executive Performance Share Unit Plan (Non-UK Participants), and Employee Performance Share Unit Plan.

Will the new Endeavour Mining shares have different rights than existing shares?

No, the new shares will rank pari passu (have equal rights) with existing shares when issued.