Pharos Energy Boosts Shareholder Value with Buyback

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

Pharos Energy has acquired 58,737 of its own shares at a consistent price of 24.1084 pence per share as part of its extended share buyback program. This move is part of the company’s strategy to enhance shareholder value, bringing the total repurchased shares to over 28 million since 2022. With these purchases, shareholders can adjust their holdings accordingly under the FCA’s rules.

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