Pharos Energy (GB:PHAR) has released an update.
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Pharos Energy has executed a share buyback, purchasing and canceling 52,098 ordinary shares at a price of 22 pence each, reducing its outstanding shares to 415.78 million. This move is part of their ongoing buyback program initiated in July 2022, which has seen over 29 million shares repurchased. The company, listed on the London Stock Exchange, has interests in oil and gas projects in Egypt and Vietnam.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.