Pharos Energy PLC has announced the purchase and cancellation of 45,223 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 22.7000 pence, with a volume-weighted average price of 22.7000 pence per share. Following the purchase and cancellation, the company will have 429,136,191 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury.
Since the initiation of the earlier phase of the share buyback programme, the company has purchased a total of 23,209,236 ordinary shares for cancellation at a cost of £5,418,579.09, excluding stamp duty and dealing expenses. The company provided detailed information on the individual trades made by Peel Hunt as part of the programme, in accordance with the Market Abuse Regulation.
The company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, are available for further information. The announcement also includes contact details for Camarco, the company's communications advisor. This update provides transparency and insight into Pharos Energy PLC's recent share buyback activities, demonstrating the company's commitment to its shareholders and financial strategy.