Pharos Energy (GB:PHAR) has released an update.
Pharos Energy PLC has actively continued its share buyback program, purchasing 40,244 shares at a uniform price of 24.5700 pence per share on September 13, 2024, for cancellation. This latest transaction follows the company’s ongoing efforts to reduce its share capital, having acquired over 27 million shares since July 2022. The buyback underscores Pharos Energy’s commitment to shareholder value and follows their strategic operations in oil and gas exploration and production across Egypt and Vietnam.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.
