Pharos Energy PLC has announced the purchase and cancellation of 35,128 ordinary shares of £0.05 each in the Company through Peel Hunt LLP as part of the extension of its share buyback programme. The highest and lowest price paid per share was 23.2000 pence, with a volume-weighted average price paid per share also at 23.2000 pence. Following the purchase and cancellation, the Company will have 429,265,703 Ordinary Shares of £0.05 each in issue, with 9,122,268 Ordinary Shares held in treasury.
Since the initiation of the earlier phase of the Company's share buyback programme, a total of 23,079,724 Ordinary Shares have been purchased for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,389,284.92. 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 has provided contact information for further inquiries and noted that shareholders may use the updated figure of 420,143,435 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.