Pharos Energy (GB:PHAR) has released an update.
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Pharos Energy PLC has actively pursued its share buyback program, purchasing 38,816 ordinary shares at a uniform price, with the latest transaction on September 18, 2024, resulting in the cancellation of the acquired shares. This move follows a series of buybacks since July 2022, with a total of 27,696,454 shares bought back for approximately £6.5 million. The reduction in outstanding shares may impact shareholder positions and the company’s stock market performance.
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