Pharos Energy (GB:PHAR) has released an update.
Pharos Energy plc, a London Stock Exchange-listed oil and gas exploration and production company, has announced the purchase and subsequent cancellation of 129,624 ordinary shares at a price of 26 pence each on July 22, 2024. This action is part of an ongoing share buyback programme, which has seen the company repurchase over 25 million shares for nearly £6 million since July 2022. Following the cancellation, Pharos Energy’s total shares in issue amount to 426,740,919, of which 9,122,268 are held in treasury.
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