Pharos Energy PLC has announced that it has purchased 32,792 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 22.1000 pence, the lowest price paid per share was also 22.1000 pence, and the volume weighted average price paid per share was 22.1000 pence. After the purchase and cancellation, the company will have 438,332,778 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 14,012,649 ordinary shares for cancellation at a cost of £3,381,271.82.

Source: Pharos Energy PLC