Endeavour Mining plc
|Endeavour Mining plc
On January 4, 2024, Endeavour announced that its President and Chief Executive Officer, Sébastien de Montessus, had been terminated “for serious misconduct,” following an investigation into a $5.9 million “irregular payment instruction issued by [de Montessus] in relation to an asset disposal undertaken by the Company.”
On this news, Endeavour’s stock price fell $2.20, or 10.1%, to close at $19.50 per share on January 4, 2024, thereby injuring investors.
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