REG - Serica Energy PLC - Update on Move to the Main Market

Serica EnergyAnnouncement

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RNS Number : 2954E  Serica Energy PLC  22 October 2025

 

22 October 2025

 

Serica Energy plc

('Serica' or 'the Company')

 

Update on Move to the Main Market

 

Serica Energy plc (AIM: SQZ) provides an update on its planned move from AIM
to the Main Market.

 

The Company remains committed to moving to the Main Market at the earliest
viable opportunity. Serica had been progressing work on the move from AIM to
the Main Market of the London Stock Exchange which, as previously
communicated, was set to be completed in Q4 2025. Due to recently announced
M&A activity and the impact these transactions will have on the required
regulatory disclosure (including the need for the inclusion of a Competent
Person's Report ('CPR') in relation to the acquired reserves and resources in
the required prospectus) Serica has determined that it will not now be
possible to complete the move up in 2025.

 

Given much of the preparatory work has been completed, the move up is now
expected to occur at the earliest opportunity following publication of
Serica's audited FY 2025 accounts and consolidated year end CPR information on
the Company's existing assets and recent acquisitions.

 

-end-

 

Enquiries:

 

 Serica Energy plc                                                         +44 (0)20 7487 7300
 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 / Cameron Jones

 Vigo Consulting (PR Advisor)                                              +44 (0)20 7390 0230
 Patrick d'Ancona                                                          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 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. To receive news releases via email, please subscribe via
the Company website.

 

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