REG - Serica Energy PLC - Transaction in Own Shares

Serica EnergyAnnouncement

25/04/2024 07:00

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RNS Number : 9131L  Serica Energy PLC  25 April 2024

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

 

London, 25 April 2024 - Serica Energy plc (the "Company") (AIM: SQZ)
announces that on 24 April 2024, it purchased 188,876 ordinary shares of
US$0.10 each in the Company on the London Stock Exchange through Peel Hunt
LLP, in accordance with the terms of its share buyback programme announced on
24 April 2024 (the "Buyback Programme"). The shares purchased will be held in
treasury.

 

 Name of issuer:                                                  Serica Energy plc
 ISIN:                                                            GB00B0CY5V57
 Date of purchase:                                                24 April 2024
 Aggregate number of ordinary shares purchased:                   188,876
 Lowest price paid per share (pence per share):                   198.3000
 Highest price paid per share (pence per share):                  204.6000
 Volume weighted average price paid per share (pence per share):  199.3451

 

Aggregate information

 

 Venue       Volume-weighted average price per share  Aggregated volume  Lowest price per share  Highest price per share
 AIM (AIMX)  199.3451                                 188,876            198.3000                204.6000

 

This announcement is prepared on a trade basis. It is expected that the shares
purchased will be delivered to the Company within two working days. The total
voting rights referred to below is prepared on a settlement basis.

 

Following the purchase, the Company will have 393,468,408 ordinary shares of
US$0.10 each in issue, of which 188,876 ordinary shares are held in treasury.
Therefore, the total number of ordinary shares carrying voting rights will be
393,279,532.

 

The above figure of 393,279,532 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 a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the table below contains detailed information of the
individual trades made by Peel Hunt LLP as part of the Buyback Programme.

 

Schedule of Purchases:

 

 Time of transaction  Price               Number of shares purchased  Exchange Venue

                      (pence per share)
 08:30:02             204.6               2011                        AIMX
 08:46:00             204.6               2224                        AIMX
 08:48:06             204.4               362                         AIMX
 08:51:17             204.4               1628                        AIMX
 08:30:35             204.2               2061                        AIMX
 08:32:22             203.6               2036                        AIMX
 08:56:51             203.4               2242                        AIMX
 08:58:43             202.8               1500                        AIMX
 08:58:43             202.8               832                         AIMX
 08:59:05             202.6               2341                        AIMX
 09:16:20             202.6               333                         AIMX
 09:16:20             202.6               1742                        AIMX
 09:02:33             202.4               2055                        AIMX
 09:17:34             202.4               12                          AIMX
 09:17:34             202.4               2159                        AIMX
 09:17:51             202.4               2264                        AIMX
 09:08:01             202.2               2350                        AIMX
 09:20:16             202.2               2396                        AIMX
 09:03:21             201.8               1729                        AIMX
 09:03:21             201.8               291                         AIMX
 09:21:24             201.8               1019                        AIMX
 09:21:24             201.8               1260                        AIMX
 09:26:40             201.2               1159                        AIMX
 09:26:40             201.2               1159                        AIMX
 09:27:38             201                 548                         AIMX
 09:27:38             201                 1428                        AIMX
 09:32:30             200.4               2373                        AIMX
 09:45:44             199                 25000                       AIMX
 09:53:45             198.3               122362                      AIMX

 

 

 

 

Enquiries:

 

 Serica Energy plc                                                         +44 (0)20 7390 0230
 David Latin (Chairman and Interim 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

 

 

 

 

NOTES TO EDITORS

Serica Energy is a British independent oil and gas exploration and production
company with a portfolio of UKCS assets.

Serica has a balance of gas and oil production. The Company is responsible for
about 5% of the natural gas produced in the UK, a key element in the UK's
energy transition.

Serica's producing assets are focused around two main hubs: the Bruce, Keith
and Rhum fields in the UK Northern North Sea, which it operates, and a mix of
operated and non-operated fields tied back to the Triton FPSO. Serica also has
operated interests in the producing Columbus (UK Central North Sea) and
Orlando (UK Northern North Sea) fields and a non-operated interest in the
producing Erskine field in the UK Central North Sea.

Serica's has a two-pronged strategy for growth comprising investment in its
existing portfolio and M&A.

Further information on the Company can be found at www.serica-energy.com
(http://www.serica-energy.com) . The Company's shares are traded on the AIM
market of the London Stock Exchange under the ticker SQZ and the Company is a
designated foreign issuer on the TSX. To receive Company news releases via
email, please subscribe via the Company website.

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