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Pharos Energy PLC - London-based oil and gas exploration and production company, with assets in Vietnam and Egypt - Declares 0.33 pence per share interim dividend for 2023, despite not proposing one when announcing its half year results in mid-September. The dividend amounts to a total payout of approximately $1.8 million. Pharos also says it expects to complete the first extension of its share buyback programme around the end of this year. The buyback was launched in July 2022 to return $3 million to shareholders, before Pharos committed a further $3 million to the extension in January. The company intends to repurchase further shares worth another $3 million in 2024. Has repurchased 19.8 million shares under the programme at an average of 23.7 pence each as of close on Tuesday. Current stock price: 20.80 pence, down 4.4% in London on Wednesday 12-month change: down 20% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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