Pharos Energy (GB:PHAR) has released an update.
Pharos Energy PLC has continued its share buyback program by purchasing 45,000 Ordinary Shares on 23 August 2024, all of which will be cancelled, at a uniform price of 26 pence per share. This latest transaction follows the company’s ongoing efforts to reduce its share capital, having bought back over 26 million shares since July 2022. The share buyback is part of Pharos Energy’s commitment to sustainable growth and value for stakeholders, with operations spanning Egypt and Vietnam.
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