Pharos Energy PLC has announced the purchase and cancellation of 117,025 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 26.0090 pence, with a volume-weighted average price of the same amount. Following the purchase and cancellation, the company will have 426,623,894 ordinary shares in issue, with 9,122,268 held in treasury. Since the initiation of the share buyback programme, the company has purchased a total of 25,721,533 ordinary shares for cancellation at a cost of £6,030,776.78.
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 transactions were executed on the London Stock Exchange, with 117,025 shares purchased at 26.0090 pence per share at 16:04:04 on the execution venue XLON.
For further information, interested parties can contact Pharos Energy plc or Camarco. This update provides insight into the company's ongoing share buyback programme and its impact on the total number of ordinary shares in issue.