Pharos Energy PLC has announced the purchase and cancellation of 31,586 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 21.9000 pence, with a volume-weighted average price paid per share also at 21.9000 pence. Following the purchase and cancellation, the Company will have 431,552,946 Ordinary Shares of £0.05 each 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, has amounted to £4,909,187.13 since its initiation. 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 shareholders may use the figure of 422,430,678 as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
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, are available for inquiries. This update provides insight into the Company's recent share buyback activities and its impact on the total number of shares in issue.