Pharos Energy plc has announced that it has purchased 33,689 of its own ordinary shares through Peel Hunt LLP as part of its share buyback program. The shares purchased will be cancelled. The highest price paid per share was 23.6400 pence, while the lowest price paid per share was 22.9500 pence. The volume weighted average price paid per share was 23.3050 pence. After the purchase and cancellation, the company will have 438,123,640 ordinary shares in issue, with 9,122,268 held in treasury.
Since the initiation of the earlier phase of the share buyback program in July 2022, Pharos Energy has purchased a total of 14,221,787 ordinary shares for cancellation at a cost of £3,429,407.99. The company provided detailed information on the individual transactions made by Peel Hunt as part of the program, including the number of shares purchased, transaction price, time of transaction, and execution venue.
Pharos Energy plc is an independent oil and gas exploration and production company.