Pharos Energy PLC has announced the purchase and cancellation of 113,973 ordinary shares as part of its share buyback programme. The shares were acquired through Peel Hunt LLP, with the highest and lowest price paid per share being 24.3680 pence. Following the purchase and cancellation, the company will have 427,215,472 ordinary shares in issue, with 9,122,268 held in treasury. Since the initiation of the share buyback programme in July 2022, the company has purchased a total of 25,129,955 ordinary shares for cancellation at a cost of £5,880,139.98.
The company provided detailed information on the individual trades made by Peel Hunt as part of the programme, in accordance with the Market Abuse Regulation. The announcement also included contact information for further inquiries. This update reflects the company's ongoing commitment to managing its capital structure and returning value to shareholders.