Pharos Energy PLC has announced the purchase and cancellation of a specific number of its ordinary shares through Peel Hunt LLP as part of its share buyback programme. On 21 August 2024, the company acquired 85,303 ordinary shares at a volume-weighted average price of 25.4000 pence per share. Following the purchase and cancellation, the company will have 425,427,928 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, amounts to £6,338,108.10 since the initiation of the earlier phase in July 2022. The company has purchased a total of 26,917,499 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's CEO, Katherine Roe, and CFO, Sue Rivett, are available for further information. The announcement provides shareholders with the necessary information for calculating their interest in the company under the FCA's Disclosure Guidance and Transparency Rules. This update reflects the company's ongoing commitment to its share buyback programme and its efforts to optimize its capital structure.