Pharos Energy PLC has announced the purchase and cancellation of 71,102 ordinary shares of £0.05 each in the Company through Peel Hunt LLP on 1 July 2024. The highest and lowest price paid per share was 23.1900 pence, with a volume-weighted average price paid per share also at 23.1900 pence. Following the purchase and cancellation, the Company will have 427,882,576 Ordinary Shares of £0.05 each in issue, with 9,122,268 Ordinary Shares held in treasury.
Since the initiation of the earlier phase of the Company's share buyback program in July 2022, Pharos Energy PLC has purchased a total of 24,462,851 Ordinary Shares for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,719,784.53. The company has provided detailed information of the individual trades made by Peel Hunt as part of the Program, in accordance with the UK version of Regulation (EU) No. 596/2014.
The company has also provided contact information for further inquiries. This includes the CEO, Jann Brown, and the CFO, Sue Rivett, as well as the contact details for Camarco. This update provides shareholders with the necessary information for calculating their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.