Pharos Energy PLC has announced the purchase and cancellation of 121,407 ordinary shares of £0.05 each in the Company through Peel Hunt LLP. The highest and lowest price paid per share was 24.9000 pence, with a volume-weighted average price paid per share also at 24.9000 pence. Following the purchase and cancellation, the Company will have 427,094,065 Ordinary Shares of £0.05 each in issue, with 9,122,268 Ordinary Shares held in treasury. Since the initiation of the earlier phase of the Company's share buyback programme, a total of 25,251,362 Ordinary Shares have been purchased for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,910,370.33.
The Company has provided detailed information of the individual trades made by Peel Hunt as part of the Programme, in accordance with the UK version of Regulation (EU) No. 596/2014. The individual transactions on the LSE included 121,407 shares purchased at 24.9000 pence per share at 16:31:34 on XLON. Shareholders may use the figure of 417,971,797 as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, interested parties can contact Pharos Energy plc or Camarco. The announcement provides an update on the Company's share buyback programme and offers detailed information on the recent share purchases and cancellations, in compliance with relevant regulations.