Pharos Energy plc has announced that it has purchased 66,915 ordinary shares of £0.05 each in the company through Peel Hunt LLP. The shares purchased will be cancelled. The highest price paid per share was 22.3000 pence, the lowest price paid per share was also 22.3000 pence, and the volume weighted average price paid per share was 22.3000 pence. After the purchase and cancellation, the company will have 432,884,697 ordinary shares in issue, of which 9,122,268 are held in treasury. The figure of 423,762,429 may be used by shareholders as the denominator for calculating their interest in the company.

Since the initiation of the earlier phase of the company's share buyback program in July 2022, Pharos Energy has purchased a total of 19,460,730 ordinary shares for cancellation at a cost of £4,618,485.05. The company has provided detailed information on the individual trades made by Peel Hunt as part of the program, including the number of shares purchased, transaction price, time of transaction, and execution venue.

For further information, shareholders can contact Pharos Energy plc or Camarco, the company's communications agency.