ENDEAVOUR ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING
Endeavour Mining announced that all resolutions were passed at the extraordinary general meeting held on September 9, 2021. Key resolutions included a special resolution for capital reduction, receiving 99.98% votes in favor, and an ordinary resolution for tracker shares linked to the performance share plan with 97.67% support. The total shares voted were 249,115,023, and the capital reduction is pending approval from the UK High Court. These moves are intended to enhance shareholder value and streamline operations.
- 99.98% shareholder approval for capital reduction enhances financial flexibility.
- 97.67% support for tracker shares aligns incentives with performance.
- None.
ENDEAVOUR ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING
London, 9 September 2021 – Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company” or “Endeavour”) is pleased to announce that all resolutions at today’s extraordinary general meeting were duly passed by shareholders.
The results for the resolutions voted upon at the extraordinary general meeting are set out below:
| RESOLUTION | VOTES FOR | % FOR | VOTES AGAINST | % AGAINST | % SHARES VOTED | VOTES WITHHELD |
| SPECIAL RESOLUTION Approval of Reduction of Capital | 99,448,907 | 99.98 | 20,678 | 0.02 | 39.93 | 373 |
| ORDINARY RESOLUTION Approval of Tracker Shares in connection with Performance Share Plan | 97,154,923 | 97.67 | 2,314,728 | 2.33 | 39.93 | 307 |
At close of business on 7 September 2021, the total number of issued ordinary shares of the Company was 249,988,201 and the Company held 873,178 ordinary shares in treasury. The total number of voting rights for the ordinary shares was therefore 249,115,023.
The reduction of capital approved by shareholders through the passing of the special resolution above remains subject to the approval of the UK High Court. The text of the ordinary resolution referred to above was amended by a resolution passed at the meeting to correct the final line of the text of the resolution as set out in the Notice of Meeting, to refer to part 1 of Section B of the Shareholder Circular rather than part 2. For further information please refer to the Shareholder Circular published by the Company dated 11 August 2021.
CONTACT INFORMATION
| Endeavour Mining Martino De Ciccio Vice President - Strategy & Investor Relations +44 203 640 8665 mdeciccio@endeavourmining.com | Brunswick Group LLP in London Carole Cable, Partner +44 7974 982 458 ccable@brunswickgroup.com Vincic Advisors in Toronto John Vincic, Principal +1 (647) 402 6375 john@vincicadvisors.com |
ABOUT ENDEAVOUR MINING PLC
Endeavour 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 listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.
For more information, please visit www.endeavourmining.com.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.
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