Pharos Energy PLC has announced that it has purchased and cancelled 16,260 ordinary shares through Peel Hunt LLP as part of its share buyback program. The highest price paid per share was 23.8000 pence, and the lowest price paid per share was also 23.8000 pence. The volume weighted average price paid per share was 23.8000 pence. After the purchase and cancellation, the company will have 438,618,300 ordinary shares in issue, with 9,122,268 held in treasury. Shareholders can use the figure of 429,496,032 as the denominator for calculating their interest in the company. Since the initiation of the share buyback program, the company has purchased a total of 13,727,127 ordinary shares for cancellation at a cost of £3,314,509.44.

The individual transactions made by Peel Hunt as part of the program are detailed in the announcement. For further information, shareholders can contact Pharos Energy PLC or Camarco, the company's communications agency.