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Endeavour Mining Corporation (EDVMF) is a leading intermediate gold producer operating four mines in West Africa. With a strong track record of production, the company focuses on sustainable growth, operational excellence, and responsible mining practices. Endeavour's recent achievement includes the successful delivery of its first gold in just two years, on budget and on schedule. The company's commitment to safety is evident through zero Lost Time Incidents (LTIs) with over 3.5 million man-hours worked. Endeavour Mining is dedicated to delivering shareholder value, as seen in its Shareholder Returns Programme and non-core asset divestment strategy.
Endeavour Mining announces the purchase of 126,967 ordinary shares at a price of 1,595.2236 GBp per share on June 25, 2021. This repurchase is part of a buyback program initiated on June 15, 2021. After the cancellation of the acquired shares, Endeavour will have 250,257,748 ordinary shares in circulation, with no shares held in treasury. This figure will be utilized by shareholders for interest notifications under FCA's rules. The transaction was executed by Stifel Nicolaus Europe Limited.
Endeavour Mining announces the purchase of 3,500 ordinary shares at a price of 1,599.5781 GBp each on June 24, 2021, as part of a buy-back program initiated on June 15, 2021. After the cancellation of these shares, the total issued shares will stand at 250,384,715, with no shares held in treasury. This move aims to bolster shareholder value and was executed through Stifel Nicolaus Europe Limited.
Endeavour Mining announced its purchase of 165,267 ordinary shares on 18 June 2021 at a price of 1,676.4005 GBp per share. This acquisition is part of a broader buy-back program initiated on 15 June 2021. Post-cancellation, the company will have 250,326,488 ordinary shares outstanding, with this number serving as the basis for shareholder voting rights. The repurchase aims to enhance shareholder value and reflects Endeavour's commitment to responsible mining practices across West Africa.
Endeavour Mining announces the application for a block listing of 2,121,121 ordinary shares on the London Stock Exchange (LSE), expected to be admitted on June 21, 2021. These shares will be reserved under a block listing for future issuance linked to the Company's share incentive plans. The block listing includes various replacement Teranga Stock Options with expiration dates from August 2021 to October 2023. Once issued, these shares will rank equally with existing shares, enhancing the Company's position in the market.
Endeavour Mining has announced the continuation of its share repurchase program, originally initiated by Endeavour Mining Corporation, allowing for the repurchase of up to 9,926,368 shares. As of June 15, 2021, 2,246,503 shares have already been repurchased, totaling approximately USD 53 million. The program, set to conclude on March 21, 2022, aims to enhance shareholder value through share cancellations. Trading may occur on both the Toronto and London Stock Exchanges, conducted by Stifel Nicolaus Europe Limited.
Endeavour Mining plc has announced the admission of its entire ordinary share capital of 250,491,755 shares to the premium listing on the London Stock Exchange (LSE) as of June 14, 2021. The shares will also trade on the Toronto Stock Exchange (TSX) under the ticker symbol EDV. This strategic move positions Endeavour as the largest pure gold producer in the premium segment of the LSE, granting access to a broader capital pool. The company targets a minimum dividend of $500 million by FY-2023, contingent upon gold prices remaining above $1,500/oz.
Endeavour Mining announces that the scheme of arrangement to create Endeavour Mining plc as its parent company has become effective. Each shareholder of Endeavour Mining Corporation will receive one share of Endeavour Mining plc for each share they hold. The shares will start trading on the LSE at 8:00 am (BST) on June 14, 2021, and on the TSX at 9:30 am (ET) on June 16, 2021. The stock will trade under the ticker symbol EDV.
Endeavour Mining has announced the appointment of corporate brokers ahead of its London Stock Exchange listing on June 14, 2021. The company has appointed Barclays as its sponsor and Morgan Stanley as a joint corporate broker. In addition, Joh. Berenberg and Stifel will serve as UK and European broking advisers. The listing is expected to enhance Endeavour's capital markets profile, as it does not plan to raise capital during this process. The prospectus related to the admission has been approved by the UK Financial Conduct Authority.
Endeavour Mining hosted a virtual capital markets event on June 7, 2021, detailing its strategy and ESG initiatives. The company announced a commitment to distribute over $500 million to shareholders through a progressive dividend policy, contingent on gold prices remaining above $1,500/oz. A share buyback program has already repurchased $49 million worth of shares. Additionally, Endeavour plans to strengthen its ESG strategy, reflecting its expanded scale following recent acquisitions, with aims for reduced emissions and significant community investments.
Endeavour Mining is set to host a virtual capital markets event on June 7, 2021, ahead of its anticipated listing on the London Stock Exchange on or about June 14, 2021. The event will showcase senior management presentations detailing the company's strategy, competitive edge, and ESG initiatives, followed by a live Q&A. Scheduled to start at 14:00 BST (9:00 EST), attendees can join via a registered webcast or dial-in. Endeavour Mining, the largest pure gold producer in West Africa, operates in several countries and emphasizes responsible mining practices.
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