Pharos Energy PLC has announced the purchase and cancellation of a specific number of its ordinary shares through Peel Hunt LLP as part of its share buyback programme. On 4 April 2024, the company acquired 80,043 ordinary shares at a volume weighted average price of 21.3000 pence per share. Following the purchase and cancellation, the company will have 429,982,147 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 22,363,280 ordinary shares for cancellation at a cost of £5,224,676.00, 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 has also shared contact information for further inquiries, including the Chief Executive Officer and Chief Financial Officer of Pharos Energy PLC, as well as the contact details for Camarco, the company's communications advisor. This update provides shareholders with relevant information for calculating their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.