Pharos Energy PLC has announced the purchase and cancellation of 84,636 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 27.1930 pence, with a volume-weighted average price of the same amount. Following the purchase and cancellation, the company will have 426,412,035 ordinary shares in issue, with 9,122,268 held in treasury. Since the initiation of the share buyback programme, the company has purchased a total of 25,933,392 ordinary shares for cancellation at a cost of £6,087,714.46, 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 transactions were executed on the London Stock Exchange, with 84,636 shares purchased at 27.1930 pence per share at 16:13:54 on the execution venue XLON.
Shareholders may use the figure of 417,289,767 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.