Shore Capital discloses purchases and sales in Pharos Energy shares on July 28

A Rule 8.5 filing shows Shore Capital Stockbrokers bought 58,566 ordinary shares and sold 68,566 shares in Pharos Energy Plc while acting in a client-serving capacity.

Summary

Shore Capital Stockbrokers Ltd disclosed dealings in Pharos Energy Plc under Rule 8.5 of the Takeover Code, reporting purchases and sales of ordinary shares on 28 July 2026 while acting in a client-serving capacity as an exempt principal trader with recognised intermediary status. The filing identifies Ratio Petroleum Energy LP as the party to the offer with which Shore Capital is connected. It shows purchases of 58,566 shares at 31.6p and sales of 68,566 shares at prices between 31.6p and 31.754p. No derivatives transactions, options activity, or other dealings were reported, and the firm said there were no indemnity arrangements or agreements relating to options or derivatives. The disclosure was dated 29 July 2026 and names Laura Parmenter as the contact.

Terms & Concepts
  • Rule 8.5: A Takeover Code disclosure requirement for exempt principal traders dealing in relevant securities during an offer period.
  • exempt principal trader: A dealer allowed to trade during an offer period subject to specific disclosure obligations under the Takeover Code.
  • Takeover Code: The UK regulatory framework governing conduct and disclosures during takeover offers.