Pharos Energy PLC has announced the purchase and cancellation of 50,550 ordinary shares of £0.05 each in the Company through Peel Hunt LLP as part of its share buyback programme. The highest and lowest price paid per share was 23.9000 pence, with a volume-weighted average price paid per share also at 23.9000 pence. Following the purchase and cancellation, the Company will have 428,881,760 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 programme, a total of 23,463,667 Ordinary Shares have been purchased for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,478,889.57. 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.
For further information, interested parties can contact Pharos Energy plc or Camarco. The company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, can be reached at Tel: 0207 7747 2000. Camarco can be contacted at Tel: 020 3757 4980.
This update provides insight into Pharos Energy PLC's recent activities regarding its share buyback programme, offering transparency and clarity to shareholders and interested parties.