Pharos Energy Strengthens Shareholder Value with Buyback

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

Pharos Energy has repurchased and cancelled 25,991 of its ordinary shares under its ongoing buyback program, which started in July 2022. This move follows the acquisition of over 29 million shares, costing nearly £7 million, aimed at enhancing shareholder value. The company, listed on the London Stock Exchange, maintains interests in oil and gas projects in Egypt and Vietnam.

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