Pharos Energy PLC has announced the purchase and cancellation of a specific number of its ordinary shares through Peel Hunt LLP as part of its share buyback programme. On 7 June 2024, the company acquired 57,475 ordinary shares at a volume weighted average price of 23.8116 pence per share. Following the purchase and cancellation, the company will have 428,611,528 ordinary shares 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, amounts to £5,543,506.51 since the initiation of the earlier phase in July 2022. The company has purchased a total of 23,733,899 ordinary shares for cancellation. Shareholders may use the figure of 419,489,260 as the denominator for calculating whether they are required to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
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 the Market Abuse Regulation. The company's contact information is also available for further inquiries.
For further information, please contact:
Pharos Energy plc
Tel: 0207 7747 2000
Jann Brown, Chief Executive Officer
Sue Rivett, Chief Financial Officer
Camarco
Tel: 020 3757 4980
Billy Clegg, Rebecca Waterworth, Kirsty Duff, Andrew Turner