Pharos Energy PLC has announced the purchase and cancellation of 44,074 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 20.8000 pence. Following the purchase and cancellation, the company will have 431,315,046 ordinary shares in issue, with 9,122,268 held in treasury. The figure of 422,192,778 may be used by shareholders as the denominator for calculating their interest in the company.
Since the initiation of the earlier phase of the share buyback programme in July 2022, Pharos Energy PLC has purchased a total of 21,030,381 ordinary shares for cancellation at a cost of £4,958,502.87, excluding stamp duty and dealing expenses. 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's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, are available for further information. The announcement provides shareholders with an update on the company's share buyback programme and the detailed information of the individual trades made as part of the programme.