Pharos Energy PLC has announced the purchase and cancellation of 14,549 ordinary shares as part of its share buyback programme. The highest and lowest price paid per share was 20.5500 pence, with a volume-weighted average price of 20.5500 pence per share. Following the purchase and cancellation, the company will have 431,584,532 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The figure of 422,462,264 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 20,760,895 ordinary shares for cancellation at a cost of £4,902,269.80, 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 (LSE) included the purchase of 14,549 shares at a transaction price of 20.5500 pence per share, executed at 16:31:13 on XLON. For further information, interested parties can contact Pharos Energy PLC or Camarco. The company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, can be reached at 0207 7747 2000, while Camarco can be contacted at 020 3757 4980.
This update provides insight into Pharos Energy PLC's ongoing share buyback programme, offering transparency and clarity to shareholders and the market.