Endeavour Announces Renewal of Normal Course Issuer Bid
20 3월 2024 - 4:00PM
UK Regulatory
ENDEAVOUR ANNOUNCES
RENEWAL OF NORMAL COURSE ISSUER
BID
London, 20 March 2024 –
Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”
or the “Company”) has received approval from the Toronto Stock
Exchange (“TSX”) to renew its Normal Course Issuer Bid (“NCIB”) for
its share repurchase programme.
Under the NCIB, Endeavour is entitled to
repurchase up to 5% of its total issued and outstanding shares as
of 13 March 2024, or 12,259,943 shares, during the 12 month period
of the NCIB, and up to 25% of the average daily trading volume
(“ADTV”) for the six months ended 29 February 2024, calculated in
accordance with the rules of the TSX for purposes of the NCIB or
96,878 shares during each trading day, excluding purchases made in
accordance with the block purchase exemptions under applicable TSX
policies. All ordinary shares repurchased under the share
repurchase programme will be cancelled. The renewed NCIB will
commence on 22 March 2024 and end on 21 March 2025, or such earlier
date as Endeavour may complete its purchases pursuant to the notice
of intention filed with the TSX.
Under Endeavour’s prior NCIB (the “2023 NCIB”),
which commenced on 22 March 2023 and ends on 21 March 2024,
Endeavour obtained approval to purchase up to a total of 12,387,688
ordinary shares, of which 3,143,564 ordinary shares were purchased
at a weighted average price of approximately CDN$28.73. Purchases
made under the 2023 NCIB were made on the open market through the
facilities of the TSX, other designated exchanges and/or
alternative Canadian trading systems and on the London Stock
Exchange. All shares purchased under the 2023 NCIB by Endeavour
were or will be cancelled.
Endeavour believes that purchases under the NCIB
constitute a desirable use of its funds on the basis that, from
time to time, market prices of the shares may not fully reflect the
value of Endeavour’s business and future business prospects.
Endeavour’s previously announced automatic share
purchase agreement with Stifel Nicolaus Europe Limited (“Stifel”)
will continue to allow for the purchase of ordinary shares, subject
to certain trading parameters, at times when Endeavour would not be
active in the market due to regulatory close periods, its own
internal trading black-out periods, insider trading rules or
otherwise. Outside of these periods, ordinary shares may be
repurchased in accordance with management’s discretion and in
compliance with applicable law.
Share purchases will be made by Stifel (or
through its agent, Stifel Nicolaus Canada, Inc.) on the TSX, other
designated exchanges and/or alternative Canadian trading systems
and the London Stock Exchange, in accordance with applicable
regulatory requirements. The price paid for repurchased ordinary
shares will be the market price of such ordinary shares at the time
of acquisition or such other price as may be permitted in
accordance with applicable regulatory requirements and Endeavour’s
existing shareholder authority to conduct share repurchases.
Endeavour intends to ask shareholders to renew that authority at
its 2024 AGM.
CONTACT
INFORMATION
For Investor Relations Enquiries: |
For Media Enquiries: |
Jack Garman |
Brunswick Group LLP in London |
Vice President of Investor Relations |
Carole Cable, Partner |
+44 203 011 2723 |
+44 7974 982 458 |
investor@endeavourmining.com |
ccable@brunswickgroup.com
|
ABOUT ENDEAVOUR MINING PLC
Endeavour Mining 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 admitted to listing and
to trading on the London Stock Exchange and the Toronto Stock
Exchange, under the symbol EDV.
- 240320 - NR - NCIB Renewal
Endeavour Mining (LSE:EDV)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Endeavour Mining (LSE:EDV)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024