Holding(s) in Company
On December 1, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc. regarding its voting rights in the company as of November 30, 2021. BlackRock's total voting rights now amount to 10.8%, a decrease from the prior 11.91%. This includes 9.73% from shares and 1.07% from financial instruments. The notification reflects an acquisition or disposal of voting rights, indicating a strategic shift by BlackRock. The announcement did not specify the reason for the changes in voting rights, raising speculation in the market.
- BlackRock holds a substantial 10.8% of voting rights in Endeavour Mining, indicating strong institutional interest.
- The notification may suggest a strategic reassessment by BlackRock regarding its investment in Endeavour Mining.
- BlackRock's voting rights decreased from 11.91% to 10.8%, which may imply reduced confidence in Endeavour Mining.
- The decline in voting rights could trigger concerns among investors regarding the company's market position.
On 1 December 2021 Endeavour Mining PLC received the following notification from Blackrock, Inc. of its interests in the company as of 30 November 2021:
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BL6K5J42
Issuer Name
ENDEAVOUR MINING PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
BlackRock, Inc.
City of registered office (if applicable)
Wilmington
Country of registered office (if applicable)
USA
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
30-Nov-2021
6. Date on which Issuer notified
01-Dec-2021
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 held in issuer |
| Resulting situation on the date on which threshold was crossed or reached | 9.730000 | 1.070000 | 10.800000 | 26878630 |
| Position of previous notification (if applicable) | 10.980000 | 0.930000 | 11.910000 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00BL6K5J42 | 24212560 | 9.730000 | ||
| Sub Total 8.A | 24212560 | |||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| Securities Lending | 2666070 | 1.070000 | ||
| Sub Total 8.B1 | 2666070 | |||
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
| Sub Total 8.B2 | |||||
9. Information in relation to the person subject to the notification obligation
2. 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 entities (please add additional rows as necessary)
| Ultimate controlling person | Name of controlled undertaking | % 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 |
| BlackRock, Inc. (Chain 1) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 1) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 1) | BlackRock International Holdings, Inc. | |||
| BlackRock, Inc. (Chain 1) | BR Jersey International Holdings L.P. | |||
| BlackRock, Inc. (Chain 1) | BlackRock (Singapore) Holdco Pte. Ltd. | |||
| BlackRock, Inc. (Chain 1) | BlackRock HK Holdco Limited | |||
| BlackRock, Inc. (Chain 1) | BlackRock Lux Finco S.a.r.l. | |||
| BlackRock, Inc. (Chain 1) | BlackRock Japan Holdings GK | |||
| BlackRock, Inc. (Chain 1) | BlackRock Japan Co., Ltd. | |||
| BlackRock, Inc. (Chain 2) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 2) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 2) | BlackRock International Holdings, Inc. | |||
| BlackRock, Inc. (Chain 2) | BR Jersey International Holdings L.P. | |||
| BlackRock, Inc. (Chain 2) | BlackRock Holdco 3, LLC | |||
| BlackRock, Inc. (Chain 2) | BlackRock Cayman 1 LP | |||
| BlackRock, Inc. (Chain 2) | BlackRock Cayman West Bay Finco Limited | |||
| BlackRock, Inc. (Chain 2) | BlackRock Cayman West Bay IV Limited | |||
| BlackRock, Inc. (Chain 2) | BlackRock Group Limited | |||
| BlackRock, Inc. (Chain 2) | BlackRock Finance Europe Limited | |||
| BlackRock, Inc. (Chain 2) | BlackRock Investment Management (UK) Limited | 8.650000 | 0.590000 | |
| BlackRock, Inc. (Chain 3) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 3) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 3) | BlackRock Holdco 4, LLC | |||
| BlackRock, Inc. (Chain 3) | BlackRock Holdco 6, LLC | |||
| BlackRock, Inc. (Chain 3) | BlackRock Delaware Holdings Inc. | |||
| BlackRock, Inc. (Chain 3) | BlackRock Institutional Trust Company, National Association | |||
| BlackRock, Inc. (Chain 4) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 4) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 4) | BlackRock Holdco 4, LLC | |||
| BlackRock, Inc. (Chain 4) | BlackRock Holdco 6, LLC | |||
| BlackRock, Inc. (Chain 4) | BlackRock Delaware Holdings Inc. | |||
| BlackRock, Inc. (Chain 4) | BlackRock Fund Advisors | |||
| BlackRock, Inc. (Chain 5) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 5) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 6) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 6) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 6) | BlackRock International Holdings, Inc. | |||
| BlackRock, Inc. (Chain 6) | BR Jersey International Holdings L.P. | |||
| BlackRock, Inc. (Chain 6) | BlackRock Holdco 3, LLC | |||
| BlackRock, Inc. (Chain 6) | BlackRock Canada Holdings LP | |||
| BlackRock, Inc. (Chain 6) | BlackRock Canada Holdings ULC | |||
| BlackRock, Inc. (Chain 6) | BlackRock Asset Management Canada Limited | |||
| BlackRock, Inc. (Chain 7) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 7) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 7) | BlackRock Capital Holdings, Inc. | |||
| BlackRock, Inc. (Chain 7) | BlackRock Advisors, LLC | |||
| BlackRock, Inc. (Chain 8) | BlackRock Holdco 2, Inc. | |||
| BlackRock, Inc. (Chain 8) | BlackRock Financial Management, Inc. | |||
| BlackRock, Inc. (Chain 8) | BlackRock International Holdings, Inc. | |||
| BlackRock, Inc. (Chain 8) | BR Jersey International Holdings L.P. | |||
| BlackRock, Inc. (Chain 8) | BlackRock Holdco 3, LLC | |||
| BlackRock, Inc. (Chain 8) | BlackRock Cayman 1 LP | |||
| BlackRock, Inc. (Chain 8) | BlackRock Cayman West Bay Finco Limited | |||
| BlackRock, Inc. (Chain 8) | BlackRock Cayman West Bay IV Limited | |||
| BlackRock, Inc. (Chain 8) | BlackRock Group Limited | |||
| BlackRock, Inc. (Chain 8) | BlackRock Finance Europe Limited | |||
| BlackRock, Inc. (Chain 8) | BlackRock Advisors (UK) Limited |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
BlackRock Regulatory Threshold Reporting Team
Jana Blumenstein
020 7743 3650
12. Date of Completion
01st December 2021
13. Place Of Completion
12 Throgmorton Avenue, London, EC2N 2DL, U.K
Attachment
FAQ
What is BlackRock's voting rights percentage in Endeavour Mining as of November 30, 2021?
When did Endeavour Mining receive the notification from BlackRock regarding their voting rights?
What were BlackRock's voting rights in Endeavour Mining before the recent notification?
Did BlackRock increase or decrease its voting rights in Endeavour Mining?
What implications does the change in BlackRock's voting rights have for Endeavour Mining investors?
