Share Purchases by Directors

RNS Number : 4268P

Serica Energy plc

15 July 2010

 

Serica Energy plc

("Serica" or the "Company")

Share Purchase by Directors

Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announces that the Trustees of the Serica Energy Share Incentive Plan ("the Plan") have made purchases of Serica shares under the terms of the plan on behalf of employees and officers of the Company as a result of which certain directors increased their beneficial shareholdings in the Company by a total of 1,728 shares on 13 July 2010, as follows:

Paul Ellis (Chief Executive) acquired 576 ordinary shares at a price of 65.25 pence per share taking his total beneficial shareholding to 875,613 shares representing 0.50% of the voting rights;

Christopher Hearne (Finance Director) acquired 576 ordinary shares at a price of 65.25 pence per share taking his total beneficial shareholding to 734,073 shares representing 0.42% of the voting rights;

Peter Sadler (Chief Operating Officer) acquired 576 ordinary shares at a price of 65.25 pence per share taking his total beneficial shareholding to 25,613 shares representing 0.01% of the voting rights.

The Company has 176,570,311 voting ordinary shares issued and outstanding.

15 July 2010

Enquiries:

Serica Energy plc
Paul Ellis, CEO	[e-mail]	[phone]
Chris Hearne, CFO	[e-mail]	[phone]
J.P.Morgan Cazenove
Patrick Magee	[e-mail]	[phone]
RBC Capital Markets
Josh Critchley	[e-mail]	[phone]
Matthew Coakes	[e-mail]	[phone]
CollegeHill
Nick Elwes	[e-mail]	[phone]
Simon Whitehead	[e-mail]	[phone]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To receive Company news releases via email, please contact [e-mail] and specify "Serica press releases" in the subject line.

 

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