Pharos Energy PLC has announced that it has purchased 37,268 ordinary shares of £0.05 each in the company through Peel Hunt LLP as part of its share buyback program. The shares purchased will be cancelled. The highest price paid per share was 23.5000 pence, the lowest price paid per share was also 23.5000 pence, and the volume weighted average price paid per share was 23.5000 pence. After the purchase and cancellation, the company will have 438,437,331 ordinary shares in issue, with 9,122,268 held in treasury.

Since the initiation of the share buyback program, the company has purchased a total of 13,908,096 ordinary shares for cancellation at a cost of £3,357,258.63. The detailed information of the individual trades made by Peel Hunt as part of the program is provided in the news release. Shareholders may use the figure of 429,315,063 as the denominator for calculating whether they are required to notify their interest in the company.

For further information, please contact Pharos Energy PLC or Camarco.