Pharos Energy PLC has announced the purchase and cancellation of 57,897 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 24.1000 pence, with a volume-weighted average price paid per share also at 24.1000 pence. Following the purchase and cancellation, the company will have 428,165,526 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The figure of 419,043,258 may be used by shareholders as the denominator for calculating their interest in the company.
Since the initiation of the earlier phase of the share buyback programme, the company has purchased a total of 24,179,901 ordinary shares for cancellation at a cost of £5,652,595.17, 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 included 57,897 shares purchased at 24.1000 pence per share at 15:06:59 on XLON. For further information, interested parties can contact Pharos Energy plc or Camarco. This update provides insight into the company's recent share buyback activities and its impact on the total number of shares in issue, offering transparency to shareholders and the market.