Pharos Energy Awards Share Options to Executive Directors

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

Pharos Energy has announced the grant of nil-price share options to its Executive Directors under its Long-Term Incentive Plan. CEO Katherine Roe received 3,593,073 shares, and CFO Sue Rivett received 2,646,787 shares, with vesting over three years subject to performance conditions. This move aligns with Pharos’ strategy to incentivize leadership and potentially enhance its market positioning by aligning executive interests with shareholder value.

More about Pharos Energy

Pharos Energy plc is an independent energy company listed on the London Stock Exchange, focusing on sustainable growth and stakeholder returns. The company has production, development, and exploration interests in Egypt and Vietnam. In Egypt, Pharos holds significant working interests in the El Fayum and North Beni Suef Concessions, while in Vietnam, it maintains interests in Blocks 16-1 and 9-2, and operates Blocks 125 & 126.

YTD Price Performance: 3.00%

Average Trading Volume: 6,153

Technical Sentiment Signal: Sell

Current Market Cap: $121.7M

For detailed information about PHAR stock, go to TipRanks’ Stock Analysis page.