Pharos Energy Advances Share Buyback Strategy

Pharos Energy (GB:PHAR) has released an update.

Pharos Energy has completed a share buyback, purchasing 16,077 shares at a price of 22.6 pence each, as part of its ongoing program to enhance shareholder value. This latest transaction brings the total shares repurchased to over 29 million since the program’s inception in 2022, reflecting the company’s commitment to optimizing its capital structure. The buyback reduces the total issued shares to 415.8 million, providing investors with updated figures for their shareholding calculations.

For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.