Pharos Energy (GB:PHAR) has released an update.
Pharos Energy PLC has actively pursued its share buyback program, purchasing 56,412 Ordinary Shares at a uniform price of 24.1000 pence per share on October 7, 2024, which will subsequently be cancelled. This transaction follows a series of repurchases since July 2022, totaling over 28 million shares acquired at a cost of around £6.65 million. The buyback program aligns with the company’s strategic focus on growth and stakeholder returns, underpinned by its oil and gas exploration and production interests in Egypt and Vietnam.
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