Pharos Energy plc has announced that it purchased 40,266 ordinary shares of £0.05 each in the company through Peel Hunt LLP on September 15, 2023. The shares purchased will be cancelled. The highest price paid per share was 23.0000 pence, the lowest price paid per share was also 23.0000 pence, and the volume weighted average price paid per share was 23.0000 pence. After the purchase and cancellation, the company will have 437,912,264 ordinary shares in issue, of which 9,122,268 are held in treasury. The figure of 428,789,996 may be used by shareholders as the denominator for calculating their interest in the company.

Since the initiation of the earlier phase of the company's share buyback program on July 20, 2022, Pharos Energy has purchased a total of 14,433,163 ordinary shares for cancellation at a cost of £3,478,061.57, excluding stamp duty and dealing expenses. The individual transactions made by Peel Hunt as part of the program are detailed in the tables provided in the news release.

For further information, please contact Pharos Energy plc or Camarco.