Pharos Energy PLC has announced the purchase and cancellation of 53,060 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 18.2730 pence, with a volume-weighted average price paid per share also at 18.2730 pence. Following the purchase and cancellation, the company will have 430,544,076 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The total cost of the share buyback programme, excluding stamp duty and dealing expenses, is £5,108,094.45.
Since the initiation of the earlier phase of the share buyback programme in July 2022, the company has purchased a total of 21,801,351 ordinary shares for cancellation. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the Market Abuse Regulation.
The company has provided contact information for further inquiries. This update provides transparency and insight into Pharos Energy PLC's recent share buyback activities, demonstrating its commitment to enhancing shareholder value and optimizing its capital structure.