Pharos Energy PLC has announced the purchase and cancellation of 10,353 ordinary shares as part of its share buyback programme. The shares were acquired on 22 March 2024 through Peel Hunt LLP, with a highest price paid per share of 20.2000 pence and a volume weighted average price paid per share of 20.2000 pence. Following the purchase and cancellation, the Company will have 430,432,091 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 amounted to £5,129,774.90 since its initiation in July 2022. The company has purchased a total of 21,913,336 Ordinary Shares for cancellation. The announcement also includes detailed information of the individual trades made by Peel Hunt as part of the Programme, in accordance with the Market Abuse Regulation.
Shareholders may use the figure of 421,309,823 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.