Endeavour Announces Director/PDMR Shareholding

Rhea-AI Summary

Endeavour Mining has announced the transaction details of Performance Share Units (PSUs) granted to its executive directors and Persons Discharging Managerial Responsibilities (PDMRs). On April 11, 2024, Ian Cockerill, an Executive Director, received 171,959 PSUs, Guy Young, a PDMR, received 85,980 PSUs, and Mark Morcombe, another PDMR, also received 85,980 PSUs. These PSUs are part of the Executive Performance Share Unit Plan for non-UK participants and are subject to performance conditions assessed over three years. All transactions were executed outside a trading venue.

Positive

• Grant of PSUs indicates a potential long-term incentive alignment with company performance for top executives.
• The three-year performance measurement period suggests a focus on sustainable long-term growth.

Negative

• The volume of shares granted may lead to concerns about potential future dilution of existing shares.
• The specific performance conditions and their rigor are not disclosed, leaving uncertainty about the achievement threshold.

Endeavour Mining plc
20 June 2024

Notification of transactions by
Persons Discharging Managerial Responsibilities

1	Details of the person discharging managerial responsibilities / person closely associated
	Name	Ian Cockerill
2	Reason for the notification
	Position/status	Executive Director
	Initial notification/ amendments	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Endeavour Mining plc
b)	Legal Entity Identifier code (LEI)	529900NI5MXQ91GHXR07
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument	Ordinary Shares of $0.01 each in Endeavour Mining plc
b)	Nature of the transaction	2024 Grant of Performance Share Units under Executive Performance Share Unit Plan (Non-UK participants). Subject to performance conditions measured over a three year period.
c)	Currency	N/A
d)	Price and volume	Price	Volume
		N/A	171,959
	Aggregated information Aggregated Volume Price	171,959 Ordinary Shares Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
	Name	Guy Young
2	Reason for the notification
	Position/status	PDMR
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Endeavour Mining plc
b)	Legal Entity Identifier code (LEI)	529900NI5MXQ91GHXR07
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument	Ordinary Shares of $0.01 each in Endeavour Mining plc
b)	Nature of the transaction	2024 Grant of Performance Share Units under Executive Performance Share Unit Plan (Non-UK participants). Subject to performance conditions measured over a three year period.
c)	Currency	N/A
d)	Price and volume	Price	Volume
		N/A	85,980
	Aggregated information Aggregated Volume Price	85,980 Ordinary Shares Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
	Name	Mark Morcombe
2	Reason for the notification
	Position/status	PDMR
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Endeavour Mining plc
b)	Legal Entity Identifier code (LEI)	529900NI5MXQ91GHXR07
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument	Ordinary Shares of $0.01 each in Endeavour Mining plc
b)	Nature of the transaction	2024 Grant of Performance Share Units under Executive Performance Share Unit Plan (Non-UK participants). Subject to performance conditions measured over a three year period.
c)	Currency	N/A
d)	Price and volume	Price	Volume
			85,980
	Aggregated information Aggregated Volume Price	- 85,980 Ordinary Shares - Nil
e)	Date of the transaction	11 April 2024
f)	Place of the transaction	Outside a trading venue

Attachment

• PDMR Notification_IDC Guy Young and Mark Morcombe LTIPs grants June 2024

FAQ

What happened on April 11, 2024, regarding Endeavour Mining's stock?

Endeavour Mining granted Performance Share Units to executive directors and PDMRs on April 11, 2024.

How many Performance Share Units did Ian Cockerill receive?

Ian Cockerill received 171,959 Performance Share Units.

What is the nature of the transaction mentioned in the Endeavour Mining press release on June 20, 2024?

The transaction involves the grant of Performance Share Units under the Executive Performance Share Unit Plan.

How many Performance Share Units were granted to Guy Young and Mark Morcombe?

Guy Young and Mark Morcombe each received 85,980 Performance Share Units.

What are the performance conditions for the Performance Share Units granted by Endeavour Mining?

The Performance Share Units are subject to performance conditions measured over a three-year period.