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Pharos Energy ( (GB:PHAR) ) just unveiled an announcement.
Pharos Energy has announced that its Employee Benefit Trust (EBT) has purchased 3,000,000 ordinary shares, increasing its holding to 3,784,406 shares, which represents 0.71% of the company’s issued share capital and 0.72% of the total voting rights. The shares are held in a discretionary trust for the benefit of the Group’s employees, including executive directors, and are intended to satisfy current and future share awards under the company’s incentive plans. This move reflects Pharos Energy’s ongoing commitment to align employee incentives with shareholder interests and underscores its strategic focus on sustainable growth.
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. It is listed on the London Stock Exchange and has interests in Egypt and Vietnam. In Egypt, it operates in the El Fayum and North Beni Suef Concessions, producing oil in collaboration with IPR Energy Group and the Egyptian General Petroleum Corporation. In Vietnam, Pharos holds interests in the Te Giac Trang and Ca Ngu Vang fields, as well as Blocks 125 & 126 in the Phu Khanh Basin.
YTD Price Performance: 4.64%
Average Trading Volume: 19,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $120.1M
Learn more about PHAR stock on TipRanks’ Stock Analysis page.
