Pharos Energy Advances Share Buyback Programme with Latest Purchase

Pharos Energy ( (GB:PHAR) ) has shared an announcement.

Pharos Energy plc has announced the purchase and cancellation of 56,732 ordinary shares as part of its ongoing share buyback programme. This move is in line with the company’s strategy to optimize shareholder value and manage the capital structure efficiently. Since the start of the buyback programme, Pharos has bought back a total of 29,718,508 shares, reflecting its commitment to returning value to shareholders and maintaining a disciplined financial approach.

More about Pharos Energy

Pharos Energy plc is an independent oil and gas exploration and production company focused on sustainable growth, with operations in Egypt and Vietnam. It is listed on the London Stock Exchange and holds various interests in oil fields including the El Fayum and North Beni Suef Concessions in Egypt and several blocks in Vietnam’s Cuu Long and Phu Khanh Basins.

YTD Price Performance: 4.64%

Average Trading Volume: 19,892

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $120.1M

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