REG - Serica Energy PLC - Long Term Incentive Plan Awards

Serica EnergyAnnouncement

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RNS Number : 8401A  Serica Energy PLC  17 April 2026

17 April 2026

Serica Energy plc

("Serica" or "the Company")

Long Term Incentive Plan Awards

London, 17 April 2026 - Serica Energy plc (AIM: SQZ) announces that on 16
April 2026, the Company has granted nil-cost options over a total of 1,640,464
ordinary shares (the "Awards") of US$0.10 each (representing approximately
0.4168% 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.

The Awards include nil-cost options over a total of 787,789 ordinary shares of
US$0.10 each to 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 is subject to achievement of a relative TSR performance
target, measured at the end of a three-year performance period commencing on 1
April 2026. Full details of the relative TSR performance target is detailed in
the Company's Annual Report and Accounts that will be published to
shareholders shortly.

 Director / PDMR  Position                 Number of shares awarded
 Christopher Cox  Chief Executive Officer  523,255
 Martin Copeland  Chief Financial Officer  264,534

 

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

 

 

Enquiries:

 

 Serica Energy plc                                                    +44 (0)20 7487 7300

 Martin Copeland (CFO) / Andrew Benbow (Head of Investor Relations)

 Peel Hunt LLP (Nomad and Broker to Serica)                           +44 (0)207 418 8900

 Richard Crichton / David McKeown / Emily Bhasin

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

 Sam Barnett / Cameron Jones
 Vigo Consulting (PR Adviser to Serica)                               +44 (0)20 7390 0230

 Patrick d'Ancona                                                     Serica@vigoconsulting.com

 

 

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                                                                                       523,255
 d)  Aggregated information                                       N/A (single transaction)
     Aggregated volume
     Price
 e)  Date of the transaction                                      16 April 2026
 f)  Place of the transaction                                     Outside a 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                       264,534
 Aggregated information                                       N/A (single transaction)
 Aggregated volume
 Price
 Date of the transaction                                      16 April 2026
 Place of the transaction                                     Outside a trading venue

 

 

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