Transaction in Own Shares

Serica Energy PLC
07 May 2024
 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

 

London, 7 May 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 3 May 2024, it purchased 165,399 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:

3 May 2024

Aggregate number of ordinary shares purchased:

165,399

Lowest price paid per share (pence per share):

183.6000

Highest price paid per share (pence per share):

185.7000

Volume weighted average price paid per share (pence per share):

185.2263

 

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.

 

In addition, following the exercise of employee share options, the Company has today transferred 500,000 ordinary shares out of treasury.

 

Following the above, the Company will have 393,468,408 ordinary shares of US$0.10 each in issue, of which 1,100,477 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 392,367,931.

 

The above figure of 392,367,931 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)

185.2261

164,863 

183.60

185.70

Turguoise (TRQX)

185.3000

536

185.30

185.30

Total

185.2263

165,399

183.60

185.70

 

 

Individual transactions:

 

Time of transaction

Price

(pence per share)

Number of shares purchased

Exchange Venue

12:38:04

183.60

1,240

AIMX

12:52:03

183.90

910

AIMX

13:02:21

184.35

5,000

AIMX

13:51:18

185.00

25,000

AIMX

14:35:39

184.86

25,000

AIMX

15:04:43

184.95

25,000

AIMX

15:46:22

185.70

35,000

AIMX

16:17:28

185.50

46,000

AIMX

16:24:02

185.30

1,076

AIMX

16:24:41

185.30

637

AIMX

16:25:42

185.30

536

TRQX

 

 

 

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 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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