REG - Serica Energy PLC - Completion of Buyback Programme

Serica EnergyAnnouncement

24/06/2024 07:15

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RNS Number : 4884T  Serica Energy PLC  24 June 2024

Serica Energy plc

("Serica" or the "Company")

Completion of Buyback Programme

London, 24 June 2024 - Serica Energy plc (AIM: SQZ), a British independent
upstream oil and gas company, announces that following the purchase of
ordinary shares on 21 June 2024, the Company's share buyback programme (the
"Programme"), as announced on 24 April 2024, has been completed.

Over the course of the Programme, the Company has acquired in aggregate
8,437,478 ordinary shares of US$0.10 each in the Company (the "Ordinary
Shares") between 24 April 2024 and 21 June 2024 for a total consideration of
approximately £15 million 1 , at a volume weighted average price of
approximately 177.78 pence per share.

All purchases made under the Programme were made through the Company's joint
broker, Peel Hunt LLP.

The Company has 393,468,408 Ordinary Shares in issue, of which 3,010,773
Ordinary Shares are now held in treasury. Therefore, the total number of
Ordinary Shares carrying voting rights is 390,457,635.

 

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 / Emily Bhasin

 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
(http://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.

 1  Total consideration £14,999,999

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