Pharos Energy PLC has announced the purchase and cancellation of 45,529 ordinary shares of £0.05 each in the Company through Peel Hunt LLP. The highest and lowest price paid per share was 20.7000 pence, with a volume-weighted average price paid per share also at 20.7000 pence. Following the purchase and cancellation, the Company will have 431,269,517 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 in July 2022, Pharos Energy PLC has purchased a total of 21,075,910 Ordinary Shares for cancellation at a cost (excluding stamp duty and dealing expenses) of £4,967,927.37. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the Market Abuse Regulation.
The Company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, are available for further information. The announcement provides shareholders with the necessary information for calculating their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. This update reflects the Company's ongoing commitment to its share buyback programme and its transparency in reporting these transactions.