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RNS Number : 1199M Serica Energy PLC 26 April 2024
Serica Energy plc
("Serica" or the "Company")
Transaction in Own Shares
London, 26 April 2024 - Serica Energy plc (the "Company") (AIM: SQZ)
announces that on 25 April 2024, it purchased 78,273 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: 25 April 2024
Aggregate number of ordinary shares purchased: 78,273
Lowest price paid per share (pence per share): 197.0000
Highest price paid per share (pence per share): 203.4000
Volume weighted average price paid per share (pence per share): 201.4697
Aggregate information
Venue Volume-weighted average price per share Aggregated volume Lowest price per share Highest price per share
AIM (AIMX) 199.9676 267,149 197.0000 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 267,149 ordinary shares are held in treasury.
Therefore, the total number of ordinary shares carrying voting rights will be
393,201,259.
The above figure of 393,201,259 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)
08:07:20 198.5 1348 AIMX
08:07:25 198.5 906 AIMX
08:07:32 198.4 2142 AIMX
08:07:37 198.0 2112 AIMX
08:07:45 197.0 411 AIMX
08:12:15 197.6 2080 AIMX
08:26:44 199.9 2036 AIMX
08:41:47 200.2 2269 AIMX
08:42:20 200.0 2283 AIMX
08:47:39 200.8 2057 AIMX
08:48:22 200.0 269 AIMX
08:49:13 200.0 533 AIMX
08:49:13 200.0 1301 AIMX
09:01:09 199.5 2387 AIMX
09:03:56 200.0 2357 AIMX
09:04:14 199.7 2430 AIMX
09:13:54 199.0 2416 AIMX
09:51:08 201.0 2343 AIMX
09:51:15 201.0 2367 AIMX
10:08:31 201.2 998 AIMX
10:08:31 201.2 1301 AIMX
10:10:26 201.2 1196 AIMX
10:10:26 201.2 1221 AIMX
10:16:26 201.4 2151 AIMX
10:17:52 201.0 1951 AIMX
10:17:52 201.0 408 AIMX
11:37:42 203.4 35000 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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