Pharos Energy plc

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Serica Energy Declares Pharos Energy Takeover Bid Final as Ratio Raises Offer

Serica Energy has declared its offer for Pharos Energy final at 32.6683 pence per share, comprising 28.6683 pence in cash and a 4-pence special dividend, and will not increase it after rival Ratio Petroleum Energy raised its proposal. Ratio announced an increased offer on August 7 and said it had secured irrevocable undertakings covering about 41.76% of Pharos' issued share capital. Serica had entered the contest on July 26 with a recommended cash acquisition that surpassed an earlier Ratio transaction worth up to 28 pence per share. The company said its decision reflects a disciplined approach to mergers and acquisitions and that it continues to evaluate other opportunities in the UK North Sea and elsewhere. Pharos operates in Vietnam and Egypt with first-half 2026 working-interest production of about 5,650 barrels of oil equivalent per day, and generated $82 million in first-half revenue with $45.2 million of cash at the end of June.

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Shore Capital Stockbrokers discloses dealings in Pharos Energy Plc

Shore Capital Stockbrokers Ltd, acting as an exempt principal trader, disclosed dealings in the ordinary shares of Pharos Energy Plc on 28 July 2026. The firm purchased 58,566 shares at 31.6 pence per share and sold 68,566 shares at prices ranging from 31.6 pence to 31.754 pence per share. The disclosure was made under Rule 8.5 of the Takeover Code in connection with an offer involving Ratio Petroleum Energy LP. No indemnity or other dealing arrangements were reported.

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Shore Capital Stockbrokers discloses dealings in Pharos Energy Plc

Shore Capital Stockbrokers Ltd, an exempt principal trader, disclosed dealings in the ordinary shares of Pharos Energy Plc on 24 July 2026. The firm purchased 13,384 shares at prices ranging from 24.6p to 24.908p and sold 90,107 shares at prices between 24.8p and 25.265p. The disclosure was made under Rule 8.5 of the Takeover Code in connection with an offer involving Ratio Petroleum Energy LP. No other dealings or arrangements were reported.

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Shore Capital Stockbrokers discloses dealings in Pharos Energy Plc

Shore Capital Stockbrokers Ltd, acting as an exempt principal trader, disclosed dealings in the ordinary shares of Pharos Energy Plc on 01 July 2026. The firm purchased 163,500 shares at prices ranging from 24.6p to 24.79p and sold 9,125 shares at prices between 24.95p and 25.035p. The disclosure was made in connection with an offer involving Ratio Petroleum Energy LP. No derivative or option transactions were reported, and there were no indemnity or other dealing arrangements.

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Dimensional Fund Advisors Discloses 1.57% Stake in Pharos Energy

Dimensional Fund Advisors Ltd. has disclosed a 1.57% interest in Pharos Energy PLC, holding 6,526,074 ordinary shares as of 24 June 2026. The disclosure was made under Rule 8.3 of the Takeover Code, with Dimensional expressly disclaiming beneficial ownership of the shares. No dealings were reported, and there are no indemnity or option arrangements, nor any agreements relating to voting rights or derivatives.

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Shore Capital discloses dealings in Pharos Energy Plc

Shore Capital Stockbrokers Ltd, acting as an exempt principal trader, disclosed dealings in the ordinary shares of Pharos Energy Plc on 24 June 2026. The firm purchased 651,570 shares at prices ranging from 24.4p to 25.8p and sold 787,292 shares at prices between 24.85p and 25.7p. The disclosure was made in connection with an offer involving Ratio Petroleum Energy LP. No derivative or option transactions were reported, and there were no indemnity or other dealing arrangements.

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