Pharos Energy PLC has announced the purchase and cancellation of a specific number of its ordinary shares through Peel Hunt LLP as part of its share buyback programme. On 11 June 2024, the company acquired 50,243 ordinary shares at a volume-weighted average price of 24.4760 pence per share. Following the purchase and cancellation, the company will have 428,561,285 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 in July 2022, Pharos Energy PLC has bought a total of 23,784,142 ordinary shares for cancellation at a cost of £5,555,803.98, excluding stamp duty and dealing expenses. The company has 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 has also shared contact information for further inquiries, including the Chief Executive Officer and the Chief Financial Officer. Shareholders are advised to use the updated figure of 419,439,017 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 more information, interested parties can contact Pharos Energy PLC or Camarco, the company's communications advisor.