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

Serica EnergyAnnouncement

26/03/2024 11:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240326:nRSZ3444Ia&default-theme=true

RNS Number : 3444I  Serica Energy PLC  26 March 2024

Serica Energy plc

("Serica" or the "Company")

Issue of Shares and Total Voting Rights

London, 26 March 2024 - 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
second and final tranche of the 2.9 million Consideration Shares 1  (#_ftn1)
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 27 March 2024 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 393,455,570 shares on issue. The
Company does not currently hold any shares in treasury. Accordingly, the total
number of voting rights will be 393,455,570. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or change to their
interest in, the share capital of the Company under the Disclosure Guidance
and Transparency Rules of the Financial Conduct Authority.

 

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) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and
 External Relations)

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

 Jefferies (Joint Broker)                                                   +44 (0)20 7029 8000
 Sam Barnett / Will Soutar

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

 

 

 1  (#_ftnref1) As stated in the announcement of the Acquisition on 20
December 2022,  the total number of Consideration Shares was up to
111,048,124 and is now confirmed to be that amount.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBBGDXRGDDGSL