Pharos Energy plc has announced that it has purchased 92,784 ordinary shares of £0.05 each in the company through Peel Hunt LLP as part of its share buyback program. The shares purchased will be cancelled. The highest price paid per share was 22.9670 pence, the lowest price paid per share was also 22.9670 pence, and the volume weighted average price paid per share was 22.9670 pence. After the purchase and cancellation, the company will have 437,247,364 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury.
Since the initiation of the earlier phase of the share buyback program, the company has purchased a total of 15,098,063 ordinary shares for cancellation at a cost of £3,630,715.28. The detailed information of the individual trades made by Peel Hunt as part of the program is provided in the announcement. Shareholders can use the figure of 428,125,096 as the denominator for calculating whether they are required to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact Pharos Energy plc or Camarco.