Pharos Energy plc has announced that it has purchased 218,551 of its own ordinary shares through Peel Hunt LLP as part of its share buyback program. The shares purchased will be cancelled. The highest price paid per share was 22.8000 pence, the lowest price paid per share was also 22.8000 pence, and the volume weighted average price paid per share was 22.8000 pence. After the purchase and cancellation, the company will have 435,064,143 ordinary shares in issue, with 9,122,268 held in treasury. Shareholders can use the figure of 425,941,875 as the denominator for calculating their interest in the company.
Since the initiation of the share buyback program in July 2022, Pharos Energy has purchased a total of 17,281,284 ordinary shares for cancellation at a cost of £4,127,295.91. The company has provided detailed information on the individual trades made by Peel Hunt as part of the program, including the number of shares purchased, transaction price, time of transaction, and execution venue.
For further information, shareholders can contact Pharos Energy plc or Camarco, the company's communications agency.