REG - Serica Energy PLC - Long Term Incentive Plan Awards

Serica EnergyAnnouncement

28/05/2025 16:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250528:nRSb4763Ka&default-theme=true

RNS Number : 4763K  Serica Energy PLC  28 May 2025

28 May 2025

Serica Energy plc

("Serica" or "the Company")

Long Term Incentive Plan Awards

London, 28 May 2025 - Serica Energy plc (AIM: SQZ) announces that the Company
has granted nil-cost options over a total of 1,703,189 ordinary shares of
US$0.10 each (representing approximately 0.43% of the Company's issued share
capital) in accordance with the rules of the Serica Energy plc 2017 Long Term
Incentive Plan ("LTIP"). The award has been made to members of the Group's
executive team and senior management.

These awards include a total of 972,315 ordinary shares of US$0.10 each for
the executive directors as set out in the table below and are subject to
vesting criteria that are designed to incentivise performance that delivers
value for all shareholders.

The vesting criteria are based on two performance conditions a) up to a
maximum of 70% of the total number of shares held under an award vest and
become exercisable subject to achievement of relative TSR performance targets,
measured at the end of a three-year performance period commencing on 1 May
2025; and b) up to a maximum of 30% of the total number of shares held under
an award vest and become exercisable, subject to the achievement of Bruce
gross emissions reduction related targets set for the last calendar year
comprised within a three-year performance period commencing on 1 January 2025.

 Director / PDMR  Position                 Number of shares awarded
 Christopher Cox  Chief Executive Officer  624,161
 Martin Copeland  Chief Financial Officer  348,154

 

 

The notifications below, made in accordance with the requirements of the
Market Abuse Regulation, provide further detail.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Christopher Cox
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Serica Energy plc
 b)  LEI                                                          213800EZZOKA815VC426
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of US$0.10 per share par value
     Identification code                                          GB00B0CY5V57
 b)  Nature of the transaction                                    Award of options under the LTIP
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     N/A                                                                                       624,161
 d)  Aggregated information                                       N/A (single transaction)
     Aggregated volume                                            624,161
     Price                                                        Nil
 e)  Date of the transaction                                      28 May 2025
 f)  Place of the transaction                                     Outside of Trading Venue

 

 Details of the person discharging managerial responsibilities / person closely
 associated
 Name                                                         Martin Copeland
 Reason for the notification
 Position/status                                              Chief Financial Officer
 Initial notification/Amendment                               Initial Notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Serica Energy plc
 LEI                                                          213800EZZOKA815VC426
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument; (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conducted
 Description of the financial instrument, type of instrument  Ordinary shares of US$0.10 per share par value
 Identification code                                          GB00B0CY5V57
 Nature of the transaction                                    Award of options under the LTIP
 Price(s) and volumes(s)                                      Price(s)                  Volume(s)
                                                              N/A                       348,154
 Aggregated information                                       N/A (single transaction)
 Aggregated volume                                            348,154
 Price                                                        Nil
 Date of the transaction                                      28 May 2025
 Place of the transaction                                     Outside of Trading Venue

 

Enquiries:

 

 Serica Energy plc                                  +44 (0)20 7390 0230

 Chris Cox (CEO)/Martin Copeland (CFO)

 Andrew Benbow (Group Investor Relations Manager)

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

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

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

 

 

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  DSHEASSPADLSEFA