Pharos Energy PLC has announced the purchase and cancellation of 74,984 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 21.1000 pence, with a volume weighted average price paid per share also at 21.1000 pence. Following the purchase and cancellation, the Company will have 430,153,528 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 £5,188,316.68 since its initiation. The company has purchased a total of 22,191,899 Ordinary Shares for cancellation. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the UK version of Regulation (EU) No. 596/2014 (the "Market Abuse Regulation").
The company has also provided contact information for further inquiries. Jann Brown, Chief Executive Officer, and Sue Rivett, Chief Financial Officer, can be reached at Pharos Energy plc, while Camarco can be contacted for media inquiries. The company has also included notes to editors for additional context.
This announcement provides a comprehensive overview of Pharos Energy PLC's recent share buyback activities, including specific details of the purchases made and the total cost incurred. It also offers contact information for those seeking further details or clarification.