Pharos Energy PLC has announced the purchase and cancellation of 93,399 ordinary shares as part of its share buyback programme. The shares were bought through Peel Hunt LLP, with the highest and lowest price paid per share being 25.0000 pence. Following the purchase and cancellation, the Company will have 425,701,565 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 been £6,269,170.97.
Since the initiation of the earlier phase of the share buyback programme in July 2022, Pharos Energy PLC has purchased a total of 26,643,862 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's Chief Executive Officer, Katherine Roe, and Chief Financial Officer, Sue Rivett, are available for further information. The contact details for Pharos Energy PLC and Camarco, the company's communications advisor, are also provided for any inquiries.
This update provides insight into Pharos Energy PLC's ongoing share buyback programme, including the number of shares purchased, the prices paid, and the total cost incurred. It also highlights the company's commitment to transparency and compliance with relevant regulations.