Pharos Energy PLC has announced the purchase and cancellation of a specific number of its ordinary shares through its share buyback programme. The company purchased 17,451 ordinary shares at a volume-weighted average price of 26.6400 pence per share. Following the purchase and cancellation, the company will have 426,585,696 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. The total cost of the share buyback programme, excluding stamp duty and dealing expenses, amounts to £6,040,840.69.
The company has been transparent about the individual trades made by Peel Hunt as part of the programme, in accordance with the UK version of Regulation (EU) No. 596/2014. The detailed information of the individual trades made by Peel Hunt is provided, including the number of shares purchased, transaction price, time of transaction, and execution venue.
Shareholders are advised that the figure of 417,463,428 may be used 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. For further information, interested parties are encouraged to contact Pharos Energy plc directly.