Pharos Energy (GB:PHAR) has released an update.
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Pharos Energy PLC has actively continued its share buyback program by purchasing 85,303 of its own ordinary shares for cancellation, with all shares bought at a price of 25.4 pence each. This latest transaction follows a pattern of share repurchases aimed at reducing the company’s share capital and returning value to shareholders. Post-cancellation, Pharos Energy’s issued share capital consists of over 416 million shares, with shareholders keeping an eye on the company’s financial maneuvers.
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