Endeavour Announces CEO Termination
04 Janeiro 2024 - 3:21PM
ENDEAVOUR ANNOUNCES CEO
TERMINATION
London, 4 January
2024 – The Board of Directors of Endeavour Mining plc
(LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour”, the “Group” or the
“Company”) today announces the termination of the President and
Chief Executive Officer, Sébastien de Montessus, for serious
misconduct with immediate effect. This follows an investigation by
the Board into an irregular payment instruction issued by him in
relation to an asset disposal undertaken by the Company. The amount
of this irregular payment instruction is US$5.9 million. The Board
recently became aware of this in the course of a review of
acquisitions and disposals, which is ongoing. Sébastien de
Montessus has been removed from the Company’s Board of Directors
with immediate effect.
Separately, in October 2023 allegations were
made against Sébastien de Montessus through the Company’s
confidential whistleblowing channel relating to his personal
conduct with colleagues. Following a recent external investigation,
the Board had received the findings and, at the point of
termination, was considering the appropriate course of action.
The Board has appointed Ian Cockerill (currently
Deputy Chair of the Board) as Chief Executive Officer and Executive
Director with immediate effect.
Ian has over four decades of experience in the
global natural resources industry. During his career he has held
senior roles covering operational, project and executive positions
around the world, having held executive roles at major
international mining companies, including Chief Executive Officer
of Gold Fields and Anglo Coal, a subsidiary of Anglo American, as
well as non-executive positions. Ian will be reviewing his other,
current directorships in light of his appointment as Chief
Executive Officer and Executive Director of Endeavour.
Remuneration
Full details of the impact of the termination of
Sébastien de Montessus on his remuneration will be disclosed on the
Company’s website in due course in compliance with Section 430(2B)
of the Companies Act 2006 and in the Directors' Remuneration Report
within the Annual Report and Accounts for the year ended 31
December 2023, and subsequent years, as appropriate.
Ian Cockerill will be paid in accordance with
the approved Directors’ Remuneration Policy. Full details of his
remuneration terms will be disclosed in the Company’s 2023 Annual
Report.
This announcement contains inside information
for the purposes of Article 7 of Regulation (EU) no 596/2014 (MAR)
as it forms part of UK Domestic Law by virtue of the European Union
(Withdrawal) Act 2018.
CONTACT INFORMATION
Martino De CiccioDeputy CFO & Head of Investor
Relations+44 203 640 8665mdeciccio@endeavourmining.com |
Brunswick Group LLP in LondonCarole Cable,
Partner+44 7974 982 458ccable@brunswickgroup.com |
ABOUT ENDEAVOUR MINING
CORPORATION
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 listed on the London
and Toronto Stock Exchanges, under the symbol EDV.
For more information, please visit
www.endeavourmining.com.
Neither Toronto Stock Exchange nor the
Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking
statements" including but not limited to, statements with respect
to Endeavour's plans for further exploration of the Tanda-Iguela
property, the extent and timing of Endeavour’s drilling campaign,
the timing of the updated mineral resource estimate, the estimation
of mineral resources, and the success of exploration activities.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "expects",
"expected", "budgeted", "forecasts", and "anticipates".
Forward-looking statements, while based on management's best
estimates and assumptions, are subject to risks and uncertainties
that may cause actual results to be materially different from those
expressed or implied by such forward-looking statements, including
but not limited to: risks related to the successful integration of
acquisitions; risks related to international operations; risks
related to general economic conditions and credit availability,
actual results of current exploration activities, unanticipated
reclamation expenses; changes in project parameters as plans
continue to be refined; fluctuations in prices of metals including
gold; fluctuations in foreign currency exchange rates, increases in
market prices of mining consumables, possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; delays in the completion of
development or construction activities, changes in national and
local government regulation of mining operations, tax rules and
regulations, and political and economic developments in countries
in which Endeavour operates. Although Endeavour has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Please refer to Endeavour's
most recent Annual Information Form filed under its profile at
www.sedar.com for further information respecting the risks
affecting Endeavour and its business.
- 240104 - NR - CEO Termination_vf
Endeavour Mining (LSE:EDV)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Endeavour Mining (LSE:EDV)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024