Pharos Energy PLC has announced the purchase and cancellation of 91,257 ordinary shares of £0.05 each in the Company through Peel Hunt LLP. The highest and lowest price paid per share was 24.8000 pence, with a volume-weighted average price paid per share also at 24.8000 pence. Following the purchase and cancellation, the Company will have 425,794,964 Ordinary Shares of £0.05 each in issue, with 9,122,268 Ordinary Shares held in treasury. The figure of 416,672,696 may be used by shareholders as the denominator for calculating their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
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 26,550,463 Ordinary Shares for cancellation at a cost (excluding stamp duty and dealing expenses) of £6,245,821.22. 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 individual transactions on the LSE included 91,257 shares purchased at 24.8000 pence per share at 12:46:26 on XLON. For further information, interested parties can contact Pharos Energy plc or Camarco. The company's Chief Executive Officer, Katherine Roe, and Chief Financial Officer, Sue Rivett, are available for inquiries. This update provides insight into the recent developments in Pharos Energy PLC's share buyback programme, offering transparency and clarity to shareholders and interested parties.