Pharos Energy (GB:PHAR) has released an update.
Pharos Energy PLC has announced the purchase and subsequent cancellation of 39,859 of its ordinary shares at a price of 24.5 pence per share, as part of its ongoing share buyback program. This transaction follows the company’s significant repurchase of shares since July 2022, with a total spend of £6.5 million, excluding additional costs. The latest buyback reduces the number of shares in issue, potentially impacting shareholder calculations regarding their stake in the company.
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