Transaction in Own Shares

Serica Energy PLC
13 May 2024
 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

 

London, 13 May 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 10 May 2024, it purchased 432,919 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:

10 May 2024

Aggregate number of ordinary shares purchased:

432,919

Lowest price paid per share (pence per share):

183.5000

Highest price paid per share (pence per share):

186.5000

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

185.6170

 

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 above, the Company will have 393,468,408 ordinary shares of US$0.10 each in issue, of which 2,679,260 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 390,789,148.

 

The above figure of 390,789,148 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)

 185.6170

 432,762

183.50

186.50

Turquoise (TRQX)

 185.6000

 157

185.60

185.60

Total

 185.6170

 432,919

183.50

186.50

 

 

Individual transactions:

 

Time of transaction

Price

(pence per share)

Number of shares purchased

Exchange Venue

09:17:53

184.0

 1,551

AIMX

09:17:53

184.0

 655

AIMX

09:30:00

184.0

 1,951

AIMX

09:30:00

184.0

 151

AIMX

09:33:12

183.9

 2,227

AIMX

09:51:52

183.5

 801

AIMX

09:51:52

183.5

 1,676

AIMX

09:55:11

183.5

 2,490

AIMX

10:03:19

184.6

 17,009

AIMX

10:30:29

185.9

 627

AIMX

10:31:04

185.9

 1,788

AIMX

10:31:07

185.6

 949

AIMX

10:31:07

185.6

 1,219

AIMX

10:33:51

185.5

 2,337

AIMX

10:33:51

185.5

 2

AIMX

10:35:12

186.0

 100,000

AIMX

10:35:49

186.0

 50,000

AIMX

10:43:14

186.0

 2,148

AIMX

10:59:33

186.0

 2,223

AIMX

10:59:35

185.7

 1,230

AIMX

10:59:35

185.7

 1,105

AIMX

11:02:48

185.6

 2,000

AIMX

11:05:20

185.6

 157

TRQX

11:11:55

186.0

 3

AIMX

11:19:14

186.0

 2,267

AIMX

11:20:10

186.0

 2,421

AIMX

11:20:55

185.9

 2,401

AIMX

11:25:46

185.6

 670

AIMX

11:25:46

185.6

 1,818

AIMX

11:41:56

185.9

 2

AIMX

11:41:56

185.9

 4

AIMX

11:41:56

185.9

 2,555

AIMX

11:48:10

186.1

 547

AIMX

11:48:10

186.1

 1,843

AIMX

11:50:31

186.1

 2,472

AIMX

11:50:32

185.9

 2,202

AIMX

12:02:10

186.5

 2,272

AIMX

12:02:21

186.3

 2,276

AIMX

12:08:01

186.0

 2,172

AIMX

12:10:12

186.1

 141

AIMX

12:24:46

186.2

 2,399

AIMX

12:25:27

186.1

 2,307

AIMX

12:25:28

186.0

 2,267

AIMX

12:26:08

186.0

 2,547

AIMX

12:26:10

185.7

 130

AIMX

12:27:12

186.0

 2,144

AIMX

12:27:16

185.6

 1,204

AIMX

12:27:16

185.6

 659

AIMX

12:27:35

186.0

 65,910

AIMX

12:52:09

185.4

 50,000

AIMX

13:27:19

185.0

 82,990

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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings