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Pharos Energy ( (GB:PHAR) ) just unveiled an announcement.
Pharos Energy plc has announced the purchase and cancellation of 126,746 ordinary shares as part of its extended share buyback programme. This move reduces the total number of shares in issue, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. Since the programme began, Pharos has repurchased over 30 million shares, reflecting its commitment to shareholder value and sustainable business practices.
More about Pharos Energy
Pharos Energy plc is an independent energy company listed on the London Stock Exchange, focusing on sustainable growth and returns. It operates in Egypt and Vietnam, with production, development, and exploration interests. In Egypt, it holds stakes in the El Fayum and North Beni Suef concessions, while in Vietnam, it has interests in the Te Giac Trang and Ca Ngu Vang fields, as well as deep-water Blocks 125 & 126.
YTD Price Performance: 9.00%
Average Trading Volume: 6,600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $134.2M
See more insights into PHAR stock on TipRanks’ Stock Analysis page.
