Pharos Energy PLC has announced the purchase and cancellation of 57,101 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 23.9000 pence, with a volume-weighted average price of 23.9000 pence per share. Following the purchase and cancellation, the company will have 428,338,255 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The figure of 419,215,987 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, Pharos Energy PLC has purchased a total of 24,007,172 ordinary shares for cancellation at a cost of £5,610,047.93, 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 company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, can be contacted for further information. The announcement also includes contact information for Camarco, the company's communications advisor. This update provides transparency and insight into Pharos Energy PLC's recent share buyback activities, demonstrating its commitment to enhancing shareholder value and optimizing its capital structure.