Pharos Energy Enhances Shareholder Value with Buyback

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

Pharos Energy has repurchased 57,900 ordinary shares as part of its ongoing buyback program, aimed at enhancing shareholder value. The company has been actively buying back shares since July 2022, canceling over 29 million shares to date. This move reflects Pharos’ commitment to returning value to its investors while maintaining a strong presence in the oil and gas industry with interests in Egypt and Vietnam.

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