REG - Serica Energy PLC - Issue of Shares and Total Voting Rights

Serica EnergyAnnouncement

22/09/2023 14:30

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RNS Number : 4105N  Serica Energy PLC  22 September 2023

Serica Energy plc

("Serica" or the "Company")

Issue of Shares and Total Voting Rights

London, 22 September 2023 - Further to the announcement of completion of the
acquisition of Tailwind Energy Investments Ltd on 23 March 2023, Serica Energy
plc (AIM: SQZ) announces the issue to the Seller of 1,438,849 new ordinary
shares of US$0.10 each in the capital of the Company. These new shares are the
first tranche of the 2.9 million Consideration Shares 1  that are being issued
in accordance with certain warranty provisions of the SPA.

 

Admission to Trading and Total Voting Rights

 

An application has been made to the London Stock Exchange for 1,438,849 new
ordinary shares of US$0.10 each in the capital of the Company to be admitted
to trading on AIM ("Admission"). It is expected that Admission will take place
at 8.00 a.m. on or around 25 September 2023 and that dealings on AIM will
commence at the same time. When issued, the new Consideration Shares will be
credited as fully paid and will rank pari passu in all respects with the
existing ordinary shares of US$0.10 each in the capital of the Company.

 

Following Admission, the Company will have 388,345,933 shares in issue. The
Company does not currently hold any shares in treasury. Accordingly, the total
number of voting rights will be 388,345,933.

 

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the announcement of the Acquisition
made by the Company on 20 December 2022.

 

Enquiries:

 

 Serica Energy plc                                      +44 (0)20 7390 0230
 Mitch Flegg (CEO) / Andy Bell (CFO)

 Peel Hunt (Nomad & Joint Broker)                       +44 (0)20 7418 8900
 Richard Crichton / David McKeown / Georgia Langoulant

 Jefferies (Joint Broker)                               +44 (0)20 7029 8000
 Tony White / Will Soutar

 Vigo Consulting (PR Advisor)                           +44 (0)20 7390 0230
 Patrick d'Ancona / Finlay Thomson                      serica@vigoconsulting.com

 

 

 1  As stated in the announcement of the Acquisition on 20 December 2022,
 the total number of Consideration Shares is up to 111,048,124 of which
108,170,426 were issued on completion.

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