Pharos Energy PLC has announced that it has purchased 36,908 ordinary shares of £0.05 each in the company through Peel Hunt LLP as part of its share buyback program. The highest price paid per share was 23.8000 pence, while the lowest price paid per share was 23.5000 pence. The volume weighted average price paid per share was 23.7075 pence. Following the purchase and cancellation, the company will have 438,400,423 ordinary shares in issue, with 9,122,268 held in treasury.
Since the initiation of the share buyback program, the company has purchased a total of 13,945,004 ordinary shares for cancellation at a cost of £3,366,008.60. The detailed information of the individual trades made by Peel Hunt as part of the program is provided in the news release. Shareholders may use the figure of 429,278,155 as the denominator for calculating their interest in the company.
For further information, please contact Pharos Energy PLC or Camarco.