Pharos Energy (GB:PHAR) has released an update.
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Pharos Energy has repurchased and canceled 58,264 of its ordinary shares as part of its ongoing share buyback program. Following this transaction, the company now has 425 million shares in issue, with over 9 million held in treasury. This move aligns with Pharos’ strategy to enhance shareholder value and optimize its capital structure.
For further insights into GB:PHAR stock, check out TipRanks’ Stock Analysis page.