ENDEAVOUR ANNOUNCES CONTINUATION
OF SHARE BUYBACK PROGRAMME
London, 7 June 2022 – Endeavour Mining plc (“Endeavour”) (LSE:EDV, TSX:EDV, OTCQX:EDVMF) announces that following the annual approval of the shareholder buyback programme by shareholders at its AGM, Endeavour has renewed its share buyback agreement with Stifel Nicolaus Europe Limited (“Stifel”) in relation to its previously announced share repurchase programme which is implemented on the Toronto Stock Exchange through Endeavour’s Normal Course Issuer Bid programme (the “Programme”).
This share buyback agreement will allow for the purchase of shares of Endeavour by Stifel, who will continue to conduct the Programme on Endeavour’s behalf. Under the agreement, Stifel will be able to make trading decisions under the Programme independently of Endeavour, subject to certain trading parameters, enabling Stifel to make share purchases at times when Endeavour ordinarily would not be active in the market due to regulatory restrictions, self-imposed trading blackouts or otherwise. Outside of these periods, shares may be purchased by Stifel in accordance with management’s discretion and in compliance with applicable law.
Endeavour intends that shares repurchased under the Programme will subsequently be cancelled. Any share repurchases will be effected in accordance with Chapter 12 of the Listing Rules and the EU Market Abuse Regulation 596/2014. The market will be notified in accordance with…
