Pharos Energy PLC has announced the purchase and cancellation of 20,747 ordinary shares as part of its share buyback programme. The shares were acquired through Peel Hunt LLP, with the highest and lowest price paid per share being 26.1000 pence. Following the purchase and cancellation, the company will have 426,603,147 ordinary shares in issue, with 9,122,268 ordinary shares held in treasury. Since the initiation of the share buyback programme in July 2022, the company has purchased a total of 25,742,280 ordinary shares for cancellation at a cost of £6,036,191.74, excluding stamp duty and dealing expenses.
The company provided detailed information on the individual trades made by Peel Hunt as part of the programme, in accordance with the Market Abuse Regulation. The transactions on the London Stock Exchange included 20,747 shares purchased at a price of 26.1000 pence per share at 11:01:06, executed on the XLON venue. Shareholders may use the figure of 417,480,879 as the denominator for calculating whether they are required to notify 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. The company's Chief Executive Officer, Katherine Roe, and Chief Financial Officer, Sue Rivett, can be reached at 0207 7747 2000. Camarco can be contacted at 020 3757 4980.