Pharos Energy PLC has announced the purchase and cancellation of 48,312 ordinary shares as part of its share buyback programme. The shares were acquired through Peel Hunt LLP, with the highest and lowest price paid per share being 23.3200 pence. Following the purchase and cancellation, the company will have 429,438,690 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 22,906,737 ordinary shares for cancellation at a cost of £5,348,948.83.
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 announcement also includes contact information for further inquiries. This update reflects the company's ongoing efforts to manage its capital structure and return value to its shareholders.