Long Term Incentive Plan Awards

Serica Energy PLC

17 April 2026

 

17 April 2026

Serica Energy plc

("Serica" or "the Company")

Long Term Incentive Plan Awards

London, 17 April 2026 - Serica Energy plc (AIM: SQZ) announces that on 16 April 2026, the Company has granted nil-cost options over a total of 1,640,464 ordinary shares (the "Awards") of US$0.10 each (representing approximately 0.4168% of the Company's issued share capital) in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP"). The award has been made to members of the Group's executive team and senior management.

The Awards include nil-cost options over a total of 787,789 ordinary shares of US$0.10 each to executive directors as set out in the table below and are subject to vesting criteria that are designed to incentivise performance that delivers value for all shareholders.

The vesting criteria is subject to achievement of a relative TSR performance target, measured at the end of a three-year performance period commencing on 1 April 2026. Full details of the relative TSR performance target is detailed in the Company's Annual Report and Accounts that will be published to shareholders shortly.

Director / PDMR	Position	Number of shares awarded
Christopher Cox	Chief Executive Officer	523,255
Martin Copeland	Chief Financial Officer	264,534

The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.

Enquiries:

Serica Energy plc Martin Copeland (CFO) / Andrew Benbow (Head of Investor Relations)	[phone]
Peel Hunt LLP (Nomad and Broker to Serica) Richard Crichton / David McKeown / Emily Bhasin	[phone]
Jefferies (Joint Broker) Sam Barnett / Cameron Jones	[phone]
Vigo Consulting (PR Adviser to Serica) Patrick d'Ancona	[phone] [e-mail]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Cox
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Serica Energy plc
b)	LEI	213800EZZOKA815VC426
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of US$0.10 per share par value
	Identification code	GB00B0CY5V57
b)	Nature of the transaction	Award of options under the LTIP
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		N/A	523,255
d)	Aggregated information	N/A (single transaction)
	Aggregated volume
	Price
e)	Date of the transaction	16 April 2026
f)	Place of the transaction	Outside a trading venue

Details of the person discharging managerial responsibilities / person closely associated
Name	Martin Copeland
Reason for the notification
Position/status	Chief Financial Officer
Initial notification/Amendment	Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Name	Serica Energy plc
LEI	213800EZZOKA815VC426
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument	Ordinary shares of US$0.10 per share par value
Identification code	GB00B0CY5V57
Nature of the transaction	Award of options under the LTIP
Price(s) and volumes(s)	Price(s)	Volume(s)
	N/A	264,534
Aggregated information	N/A (single transaction)
Aggregated volume
Price
Date of the transaction	16 April 2026
Place of the transaction	Outside a trading venue

 

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