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An announcement from Pharos Energy ( (GB:PHAR) ) is now available.
Pharos Energy plc announced the purchase and cancellation of 80,807 ordinary shares as part of its extended share buyback programme. Following this transaction, the company will have 424,267,732 ordinary shares issued with 415,145,464 shares as the denominator for shareholder notifications. Since the start of the buyback programme, Pharos has purchased a total of 29,955,177 shares at a cost of £7,063,035.72. This action is part of Pharos’s strategic financial management to optimize shareholder value and maintain regulatory compliance.
More about Pharos Energy
Pharos Energy plc is an independent oil and gas exploration and production company focused on sustainable growth and returns to stakeholders, listed on the London Stock Exchange. The company has production, development, and exploration interests in Egypt and Vietnam. In Egypt, Pharos holds interests in the El Fayum and North Beni Suef Concessions, while in Vietnam, it holds interests in Blocks 16-1, 9-2, and 125 & 126.
YTD Price Performance: 3.93%
Average Trading Volume: 19,892
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $116.1M
Learn more about PHAR stock on TipRanks’ Stock Analysis page.
