Pharos Energy PLC has announced the purchase and cancellation of a number of its ordinary shares as part of its share buyback programme. On 10th April 2024, the company bought 28,663 ordinary shares through Peel Hunt LLP, with a volume weighted average price of 22.1752 pence per share. Following the purchase and cancellation, the company will have 429,903,863 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury.
Since the initiation of the earlier phase of the share buyback programme in July 2022, Pharos Energy PLC has purchased a total of 22,441,564 ordinary shares for cancellation at a cost of £5,241,851.94, excluding stamp duty and dealing expenses. The company has provided detailed information on the individual trades made by Peel Hunt as part of the programme, in accordance with the Market Abuse Regulation.
The company's CEO, Jann Brown, and CFO, Sue Rivett, are available for further information. Shareholders can use the figure of 420,781,595 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.
For any additional information, interested parties can contact Pharos Energy PLC or Camarco.