Pharos Energy PLC has announced the purchase and cancellation of 48,996 ordinary shares as part of its share buyback programme. The shares were bought through Peel Hunt LLP, with the highest and lowest price paid per share being 22.5000 pence. Following the purchase and cancellation, the company will have 429,487,002 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The figure of 420,364,734 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 share buyback programme in July 2022, Pharos Energy PLC has purchased a total of 22,858,425 ordinary shares for cancellation at a cost of £5,337,682.47, excluding stamp duty and dealing expenses. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the Market Abuse Regulation.
The individual transactions on the London Stock Exchange (LSE) included 48,996 shares purchased at a price of 22.5000 pence per share at 14:10:39 on XLON. For further information, interested parties can contact Pharos Energy PLC or Camarco. The company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, can be reached at 0207 7747 2000, while Camarco can be contacted at 020 3757 4980.
This update provides insight into Pharos Energy PLC's ongoing share buyback programme, offering transparency and clarity to shareholders and interested parties.