Pharos Energy (GB:PHAR) has released an update.
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Pharos Energy plc has executed a share buyback, acquiring 26,828 ordinary shares at a consistent price of 22 pence each, as part of its ongoing buyback program. This transaction reduces the company’s total issued shares, enhancing shareholder value by potentially increasing earnings per share. The buyback is part of Pharos’s broader strategy to deliver sustainable growth and returns to its stakeholders.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.
