Pharos Energy PLC has announced the purchase and cancellation of 63,648 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 19.5500 pence, with a volume-weighted average price of 19.5500 pence per share. Following the purchase and cancellation, the company will have 430,881,848 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The figure of 421,759,580 may be used by shareholders as the denominator for calculating their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
Since the initiation of the earlier phase of the share buyback programme in July 2022, Pharos Energy PLC has purchased a total of 21,463,579 ordinary shares for cancellation at a cost of £5,043,650.99, excluding stamp duty and dealing expenses. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the Market Abuse Regulation.
The individual transactions on the London Stock Exchange (LSE) included 63,648 shares purchased at 19.5500 pence per share at 15:35:06 on XLON. For further information, interested parties can contact Pharos Energy PLC or Camarco. The company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, are available for inquiries. This update provides insight into Pharos Energy PLC's recent activities and financial transactions, demonstrating the company's commitment to its share buyback programme and transparency in accordance with regulatory requirements.