Pharos Energy PLC has announced the purchase and cancellation of 82,299 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 22.3800 pence. Following the purchase and cancellation, the company will have 429,777,847 ordinary shares in issue, with 9,122,268 held in treasury. The total cost of the share buyback programme, excluding stamp duty and dealing expenses, amounts to £5,269,980.00.
Since the initiation of the earlier phase of the share buyback programme in July 2022, Pharos Energy PLC has purchased a total of 22,567,580 ordinary shares for cancellation. 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.
Shareholders may use the figure of 420,655,579 as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the company under the FCA's Disclosure Guidance and Transparency Rules. For further information, interested parties can contact Pharos Energy PLC or Camarco, the company's communications advisor.