Transaction in Own Shares
Rhea-AI Summary
Endeavour Mining (LSE:EDV, TSX:EDV) has announced a share buyback transaction conducted on February 7, 2025. The company purchased 46,000 ordinary shares through Stifel Nicolaus Europe at prices ranging from 1,700.00 to 1,733.00 GBp, with a volume-weighted average price of 1,721.33 GBp.
Following the cancellation of the repurchased shares, Endeavour will have 243,502,697 ordinary shares in issue, with no shares held in treasury. This transaction is part of the company's buyback programme announced on March 20, 2024.
Positive
- Share buyback program actively reducing share count, potentially increasing value per share
- Company has sufficient cash to execute share repurchases
- No shares held in treasury post-cancellation, indicating efficient capital return to shareholders
Negative
- None.
ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES
London, 10 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: | 07 February 2025 |
| Aggregate number of ordinary shares of USD 0.01 each purchased: | 46,000 |
| Lowest price paid per share (GBp): | 1,700.00 |
| Highest price paid per share (GBp): | 1,733.00 |
| Volume weighted average price paid per share (GBp): | 1,721.33 |
Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 243,502,697 ordinary shares in issue. Therefore the total voting rights in the Company will be 243,502,697. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
These share purchases form part of the Company's buy-back programme announced on 20 March 2024.
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Stifel Nicolaus Europe Limited as part of the buyback programme.
Schedule of purchases
Shares purchased: Endeavour Mining plc (ISIN: GB00BL6K5J42)
Dates of purchases: 07 February 2025
Investment firm: Stifel Nicolaus Europe Limited
Individual transactions
| Transaction date and time | Volume | Price (GBp) | Trading Venue |
| 7 Feb 2025, 06:44 AM | 20,000 | 1,724.71 | TSX* |
| 7 Feb 2025, 08:17 AM | 439 | 1,726.00 | LSE |
| 7 Feb 2025, 08:17 AM | 322 | 1,726.00 | LSE |
| 7 Feb 2025, 08:19 AM | 239 | 1,726.00 | LSE |
| 7 Feb 2025, 08:22 AM | 219 | 1,728.00 | LSE |
| 7 Feb 2025, 08:22 AM | 552 | 1,728.00 | LSE |
| 7 Feb 2025, 08:22 AM | 229 | 1,728.00 | LSE |
| 7 Feb 2025, 08:30 AM | 350 | 1,728.00 | LSE |
| 7 Feb 2025, 08:30 AM | 369 | 1,728.00 | LSE |
| 7 Feb 2025, 08:30 AM | 281 | 1,728.00 | LSE |
| 7 Feb 2025, 08:49 AM | 755 | 1,727.00 | LSE |
| 7 Feb 2025, 08:49 AM | 245 | 1,727.00 | LSE |
| 7 Feb 2025, 09:24 AM | 249 | 1,733.00 | LSE |
| 7 Feb 2025, 09:24 AM | 667 | 1,733.00 | LSE |
| 7 Feb 2025, 09:24 AM | 84 | 1,733.00 | LSE |
| 7 Feb 2025, 10:18 AM | 1,000 | 1,733.00 | LSE |
| 7 Feb 2025, 11:16 AM | 1,000 | 1,730.00 | LSE |
| 7 Feb 2025, 11:23 AM | 109 | 1,728.00 | LSE |
| 7 Feb 2025, 11:23 AM | 800 | 1,728.00 | LSE |
| 7 Feb 2025, 11:23 AM | 91 | 1,728.00 | LSE |
| 7 Feb 2025, 11:33 AM | 515 | 1,729.00 | LSE |
| 7 Feb 2025, 11:33 AM | 485 | 1,729.00 | LSE |
| 7 Feb 2025, 11:35 AM | 85 | 1,729.00 | LSE |
| 7 Feb 2025, 11:40 AM | 400 | 1,730.00 | LSE |
| 7 Feb 2025, 11:40 AM | 400 | 1,730.00 | LSE |
| 7 Feb 2025, 11:40 AM | 115 | 1,730.00 | LSE |
| 7 Feb 2025, 11:52 AM | 906 | 1,729.00 | LSE |
| 7 Feb 2025, 11:52 AM | 94 | 1,729.00 | LSE |
| 7 Feb 2025, 11:53 AM | 1,000 | 1,728.00 | LSE |
| 7 Feb 2025, 11:53 AM | 117 | 1,728.00 | LSE |
| 7 Feb 2025, 11:53 AM | 883 | 1,728.00 | LSE |
| 7 Feb 2025, 11:53 AM | 31 | 1,727.00 | LSE |
| 7 Feb 2025, 12:13 PM | 667 | 1,727.00 | LSE |
| 7 Feb 2025, 12:13 PM | 302 | 1,727.00 | LSE |
| 7 Feb 2025, 03:54 PM | 115 | 1,705.00 | LSE |
| 7 Feb 2025, 03:54 PM | 56 | 1,705.00 | LSE |
| 7 Feb 2025, 03:54 PM | 319 | 1,705.00 | LSE |
| 7 Feb 2025, 03:54 PM | 552 | 1,705.00 | LSE |
| 7 Feb 2025, 03:54 PM | 478 | 1,705.00 | LSE |
| 7 Feb 2025, 03:54 PM | 479 | 1,705.00 | LSE |
| 7 Feb 2025, 03:54 PM | 1 | 1,705.00 | LSE |
| 7 Feb 2025, 03:57 PM | 183 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 419 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 300 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 400 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 215 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 453 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 200 | 1,706.00 | LSE |
| 7 Feb 2025, 03:57 PM | 330 | 1,706.00 | LSE |
| 7 Feb 2025, 03:59 PM | 96 | 1,705.00 | LSE |
| 7 Feb 2025, 04:01 PM | 400 | 1,705.00 | LSE |
| 7 Feb 2025, 04:01 PM | 1,600 | 1,705.00 | LSE |
| 7 Feb 2025, 04:01 PM | 404 | 1,705.00 | LSE |
| 7 Feb 2025, 04:02 PM | 1,000 | 1,700.00 | LSE |
| 7 Feb 2025, 04:26 PM | 6 | 1,706.00 | LSE |
| 7 Feb 2025, 04:26 PM | 734 | 1,706.00 | LSE |
| 7 Feb 2025, 04:27 PM | 260 | 1,709.00 | LSE |
| 7 Feb 2025, 04:28 PM | 900 | 1,711.00 | LSE |
| 7 Feb 2025, 04:28 PM | 100 | 1,711.00 | LSE |
| 7 Feb 2025, 04:28 PM | 100 | 1,711.00 | LSE |
| 7 Feb 2025, 04:29 PM | 315 | 1,714.00 | LSE |
| 7 Feb 2025, 04:29 PM | 400 | 1,714.00 | LSE |
| 7 Feb 2025, 04:29 PM | 185 | 1,714.00 | LSE |
| 7 Feb 2025, 04:29 PM | 414 | 1,714.00 | LSE |
| 7 Feb 2025, 04:29 PM | 400 | 1,714.00 | LSE |
| 7 Feb 2025, 04:29 PM | 186 | 1,714.00 | LSE |
*CAD30.6963, assumed GBP:CAD 1.7798
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements, other than statements of historical fact, are "forward-looking statements". Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", and "anticipates".
Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedarplus.ca for further information respecting the risks affecting Endeavour and its business.
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FAQ
How many shares did Endeavour Mining (EDVMF) repurchase on February 7, 2025?
What was the price range for Endeavour Mining's share buyback on February 7, 2025?
How many shares will Endeavour Mining have outstanding after this buyback?
When was Endeavour Mining's current buyback program announced?
