Pharos Energy PLC has announced the purchase and cancellation of 71,731 ordinary shares as part of its share buyback programme. The shares were bought through Peel Hunt LLP, with the highest and lowest price paid per share being 23.0000 pence. Following the purchase and cancellation, the company will have 427,953,678 ordinary shares in issue, with 9,122,268 held in treasury. Since the initiation of the share buyback programme in July 2022, the company has purchased a total of 24,391,749 ordinary shares for cancellation at a cost of £5,703,295.98, excluding stamp duty and dealing expenses.
The company provided detailed information on the individual trades made by Peel Hunt as part of the programme, in accordance with the Market Abuse Regulation. The contact information for further inquiries was also provided, including the company's CEO and CFO, as well as the contact details for Camarco. This update signifies the company's ongoing commitment to its share buyback programme and provides transparency to shareholders regarding the transactions made.