Shore Capital Stockbrokers Ltd, an exempt principal trader with recognised intermediary status, disclosed the purchase of 10,000 Pharos Energy Plc ordinary shares at 30.5 pence each on 17 September 2026. The firm was connected to Ratio Petroleum Energy LP in relation to the offer and said it had not made, or was not making, a disclosure for any other party to the offer. No sales, derivatives, options transactions or other dealings were reported. Shore Capital also reported no indemnity arrangements, options arrangements or other agreements or understandings relating to the securities. The disclosure was dated 18 September 2026 and was made under Rule 8.5 of the Takeover Code, the UK takeover disclosure framework.