Holding(s) in Company

Rhea-AI Summary

On 13 May 2024, Endeavour Mining received a notification from Van Eck Associates regarding its holdings in the company as of 10 May 2024. The notification indicated Van Eck's voting rights had decreased to 8.999% from the previous 9.76%, amounting to 22,037,900 voting rights. This change was due to an acquisition or disposal of voting rights. The notification included details of multiple funds managed by Van Eck that hold shares in Endeavour Mining. The total number of voting rights for the issuer is 244,881,920. Additional information about proxy voting was provided, with Glass Lewis holding 22,037,900 shares and 8.999% voting rights.

Positive

• Notification provides transparency regarding major holding changes.
• Multiple funds managed by Van Eck hold substantial shares, indicating diversified interest.
• The notification is compliant with regulatory requirements, enhancing investor confidence.

Negative

• Van Eck's voting rights in Endeavour Mining decreased from 9.76% to 8.999%, potentially indicating reduced confidence or strategic divestiture.

On 13 May 2024 Endeavour Mining plc (“the Company”) received the following notification from Van Eck Associates Corporation of its interests in the Company as of 10 May 2024

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			ENDEAVOUR MINING PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Van Eck Associates Corporation
City and country of registered office (if applicable)			New York, NY USA
4. Full name of shareholder(s) (if different from 3.)v
Name			ESB Pension Fund GDX VanEck Gold Miners ETF VanEck Gold Miners ETF (AU) VanEck Global Resources Fund International Investors Gold Brighthouse Global Natural Resources SLOAN GRF VanEck VanEck Global Mining UCITS ETF VanEck Gold Miners UCITS ETF VanEck Global Resources UCITS VanEck VIP Global Gold Fund VE VIP Global Resources Fund VanEck Africa ETF VanEck Junior Gold Miners ETF VanEck Junior Gold Miners UCITS ETF
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			10/05/2024
6. Date on which issuer notified (DD/MM/YYYY):			13/05/2024
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	8.999%			8.999%	244,881,920
Position of previous notification (if applicable)	9.76%			9.76%	245,388,800

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BL6K5J42		22,037,900					8.999%
SUBTOTAL 8. A		22,037,900					8.999%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
ESB Pension Fund GDX	0.079		0.079%
VanEck Gold Miners ETF	5.239		5.239%
VanEck Gold Miners ETF (AU)	0.134		0.134%
VanEck Global Resources Fund	0.125		0.125%
International Investors Gold	0.258		0.258%
Brighthouse Global Natural Resources	0.162		0.162%
SLOAN GRF VanEck	0.008		0.008%
VanEck Global Mining UCITS ETF	0.058		0.058%
VanEck Gold Miners UCITS ETF	0.374		0.374%
VanEck Global Resources UCITS	0.004		0.004%
VanEck VIP Global Gold Fund	0.020		0.020%
VE VIP Global Resources Fund	0.061		0.061%
VanEck Africa Index ETF	0.021		0.021%
VanEck Junior Gold Miners ETF	2.265		2.265%
VanEck Junior Gold Miners UCITS ETF	0.192		0.192%
10. In case of proxy voting, please identify:
Name of the proxy holder		Glass Lewis
The number and % of voting rights held		22,037,900 shares and 8.999% voting rights
The date until which the voting rights will be held		Open
11. Additional informationxvi

Place of completion	Tampa, FL, USA
Date of completion	13 May 2024

Attachment

• TR-1 Form Endeavour Mining PLC Van Eck 14 May 2024

FAQ

What change did Van Eck Associates report for Endeavour Mining on 13 May 2024?

Van Eck reported a decrease in its voting rights from 9.76% to 8.999%.

When did Endeavour Mining receive the notification about Van Eck's interest?

Endeavour Mining received the notification on 13 May 2024.

What is Van Eck's current percentage of voting rights in Endeavour Mining?

Van Eck currently holds 8.999% of voting rights in Endeavour Mining.

How many voting rights does Van Eck have in Endeavour Mining as of 10 May 2024?

Van Eck has 22,037,900 voting rights in Endeavour Mining.

Which funds managed by Van Eck hold shares in Endeavour Mining?

Funds include ESB Pension Fund GDX, VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and several others.