Pharos Energy PLC has announced the purchase and cancellation of 129,624 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 26.0000 pence, with a volume-weighted average price paid per share also at 26.0000 pence. Following the purchase and cancellation, the company will have 426,740,919 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The figure of 417,618,651 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 in July 2022, Pharos Energy PLC has purchased a total of 25,604,508 ordinary shares for cancellation at a cost of £6,000,339.75, 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 129,624 shares purchased at 26.0000 pence per share at 11:52:53 on XLON. For further information, interested parties can contact Pharos Energy PLC or Camarco. The company's Chief Executive Officer, Katherine Roe, and Chief Financial Officer, Sue Rivett, are available for inquiries. This update provides insight into the company's recent share buyback activities and its impact on the total number of ordinary shares in issue.