Transaction in Own Shares
On July 23, 2021, Endeavour Mining announced the purchase of 72,350 ordinary shares at prices ranging from 1635.50 to 1659.50 GBp as part of its ongoing buy-back program initiated on June 15, 2021. Following the cancellation of these shares, Endeavour will have 250,041,457 ordinary shares in issue, impacting voting rights for shareholders. This move aims to enhance shareholder value by reducing the number of shares outstanding. The transaction was executed by Stifel Nicolaus Europe Limited.
- Share buy-back program could enhance shareholder value by reducing shares outstanding.
- The execution of the buy-back shows confidence in the company's financial health.
- None.
ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES
London, 23 July 2021– Endeavour Mining plc (LSE: EDV) (“the Company”) announces today it has purchased the following number of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited.
Aggregated information
| Date of purchase: | 22 July 2021 |
| Aggregate number of ordinary shares of USD 0.01 each purchased: | 72,350 |
| Lowest price paid per share (GBp): | 1635.50000 |
| Highest price paid per share (GBp): | 1659.50000 |
| Volume weighted average price paid per share (GBp): | 1639.43629 |
Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 250,041,457 ordinary shares in issue. Therefore the total voting rights in the Company will be 250,041,457. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
These share purchases form part of the Company's buy-back programme announced on 15 June 2021.
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Stifel Nicolaus Europe Limited as part of the buyback programme.
Schedule of purchases
Shares purchased: Endeavour Mining plc (ISIN: GB00BL6K5J42)
Date of purchases: 22 July 2021
Investment firm: Stifel Nicolaus Europe Limited
Individual transactions
| Transaction date and time | Volume | Price (GBp) | Trading Venue |
| 22 July 2021, 07:15 22 July 2021, 09:03 22 July 2021, 09:32 22 July 2021, 09:38 22 July 2021, 09:39 22 July 2021, 09:40 22 July 2021, 09:41 22 July 2021, 14:31 22 July 2021, 14:32 22 July 2021, 14:32 22 July 2021, 14:38 22 July 2021, 14:41 22 July 2021, 14:42 22 July 2021, 14:54 22 July 2021, 15:12 22 July 2021, 15:15 22 July 2021, 15:23 | 66,100 5 5 5 5 5 5 2,000 400 400 170 500 250 500 500 500 1,000 | 1,638.60470 1,653.00000 1,653.00000 1,653.00000 1,653.00000 1,653.00000 1,653.00000 1,659.50000 1,659.00000 1,659.00000 1,659.00000 1,635.50000 1,636.50000 1,635.50000 1,639.50000 1,639.50000 1,639.50000 | LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE LSE |
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 Toronto Stock Exchange, under the symbol EDV.
For more information, please visit www.endeavourmining.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s expectations regarding the benefits of a premium listing in the UK with shares traded on the LSE including deeper access to a diverse investor pool with strong understanding of its key operating jurisdictions across West Africa and increased demand for its shares on the assumption that it will qualify for inclusion in the FTSE UK Index Series as well as the MSCI Europe Index, Endeavour’s ability to create sustainable shareholder value over the long term and the potential for continued or future dividends.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions.
This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form for the financial year ended December 31, 2020 and financial statements and related MD&A for the financial year ended December 31, 2020 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
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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FAQ
What share buy-back transaction did Endeavour Mining announce on July 23, 2021?
What was the range of prices for the shares purchased by Endeavour Mining?
What is the new total number of ordinary shares issued by Endeavour Mining after the buy-back?
When did Endeavour Mining initiate its share buy-back program?
Who executed the share purchase transaction for Endeavour Mining?
