Pharos Energy Advances Buyback Program

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

Pharos Energy PLC has actively pursued its share buyback program by acquiring 38,042 of its own Ordinary Shares at a uniform price of 24.8 pence per share on September 16, 2024, all of which will be cancelled. This move is part of a larger initiative that began in July 2022, resulting in over 27 million shares bought back for cancellation at a significant cost to the company. Pharos Energy, with interests in oil and gas production across Egypt and Vietnam, continues to focus on sustainable growth and stakeholder returns.

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