Transaction in Own Shares

Serica Energy PLC

30 April 2024

 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 30 April 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 29 April 2024, it purchased 204,790 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:	29 April 2024
Aggregate number of ordinary shares purchased:	204,790
Lowest price paid per share (pence per share):	202.0000
Highest price paid per share (pence per share):	203.8000
Volume weighted average price paid per share (pence per share):	202.7653

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 675,624 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 392,792,784.

The above figure of 392,792,784 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.

Aggregate daily information

Trading Venue	Volume-weighted average price per share (pence)	Aggregated volume	Lowest price per share	Highest price per share
AIM (AIMX)	202.8	204,674	202.0	203.8
Turquoise (TRQX)	203.2	116	203.2	203.2

Individual transactions:

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
10:34:11	203.2	100,000	AIMX
10:35:10	203.2	1,009	AIMX
10:35:10	203.2	1,262	AIMX
10:37:10	203.0	1,337	AIMX
10:37:48	203.0	810	AIMX
11:28:40	203.2	2,038	AIMX
11:28:40	203.2	189	AIMX
12:14:10	203.4	1,689	AIMX
12:14:10	203.4	764	AIMX
12:38:08	203.6	2,281	AIMX
12:39:02	203.8	1,439	AIMX
12:39:02	203.8	1,008	AIMX
12:39:09	203.6	2,093	AIMX
12:44:19	203.4	2,363	AIMX
12:49:57	203.2	116	TRQX
12:57:01	203.2	1,285	AIMX
12:57:01	203.2	920	AIMX
13:03:04	203.0	2,377	AIMX
13:05:06	202.8	2,039	AIMX
13:05:06	202.8	146	AIMX
13:27:22	202.4	731	AIMX
13:29:12	202.4	410	AIMX
13:29:12	202.4	1,235	AIMX
14:35:30	202.8	7	AIMX
14:35:30	202.8	375	AIMX
14:35:30	202.8	1,749	AIMX
14:42:58	202.6	2,325	AIMX
14:43:50	202.4	182	AIMX
15:39:37	202.0	72,611	AIMX

Enquiries:

Serica Energy plc	[phone]
David Latin (Chairman and Interim CEO) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and External Relations)
Peel Hunt (Nomad & Joint Broker)	[phone]
Richard Crichton / David McKeown / Georgia Langoulant
Jefferies (Joint Broker)	[phone]
Sam Barnett / Will Soutar
Vigo Consulting (PR Advisor)	[phone]
Patrick d'Ancona / Finlay Thomson	[e-mail]

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. 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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