Pharos Energy PLC has announced the purchase and cancellation of 11,565 ordinary shares of £0.05 each in the Company through Peel Hunt LLP as part of its share buyback programme. The highest and lowest price paid per share was 24.0000 pence, with a volume-weighted average price paid per share also at 24.0000 pence. Following the purchase and cancellation, the Company will have 428,932,310 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 in July 2022, Pharos Energy PLC has purchased a total of 23,413,117 Ordinary Shares for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,466,808.12. The Company has provided detailed information of the individual trades made by Peel Hunt as part of the Programme in accordance with the Market Abuse Regulation.
The individual transactions on the London Stock Exchange (LSE) included 11,565 shares purchased at 24.0000 pence per share at 16:35:53, executed on the XLON venue. Shareholders may use the figure of 419,810,042 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 can contact Pharos Energy plc or Camarco.