REG - Serica Energy PLC - Transaction in Own Shares

Serica EnergyAnnouncement

21/06/2024 07:00

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RNS Number : 3033T  Serica Energy PLC  21 June 2024

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

 

London, 21 June 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces
that on 20 June 2024, it purchased 255,806 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:                                                20 June 2024
 Aggregate number of ordinary shares purchased:                   255,806
 Lowest price paid per share (pence per share):                   152.7000
 Highest price paid per share (pence per share):                  155.0000
 Volume weighted average price paid per share (pence per share):  154.1283

 

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 2,767,174 ordinary shares are held in
treasury. Therefore, the total number of ordinary shares carrying voting
rights will be 390,701,234.

 

The above figure of 390,701,234 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   Aggregated volume  Lowest price per share  Highest price per share
 AIM (AIMX)        154.1060                                   246,460            152.70                  155.00
 Turquoise (TRQX)  154.7171                                   9,346              154.00                  155.00
 Total             154.1283                                   255,806            152.70                  155.00

 

 

Individual transactions

 

 Time of transaction  Price (pence per share)  Number of shares purchased  Exchange Venue
 12:46:07             153.7                    52                          AIMX
 12:46:07             153.7                    2098                        AIMX
 12:46:07             153.7                    13369                       AIMX
 12:46:07             153.7                    11631                       AIMX
 12:46:11             153.5                    724                         AIMX
 12:47:00             153.5                    1760                        AIMX
 12:50:16             153.4                    1488                        AIMX
 12:50:16             153.4                    667                         AIMX
 12:55:03             153.3                    52                          AIMX
 12:55:03             153.3                    2184                        AIMX
 12:55:28             153.2                    2426                        AIMX
 12:59:21             153.1                    128                         AIMX
 12:59:25             153.1                    2365                        AIMX
 13:02:01             153                      289                         AIMX
 13:18:26             153.69                   7844                        AIMX
 13:40:01             153.2                    2348                        AIMX
 13:45:03             153                      2234                        AIMX
 13:45:11             152.8                    1781                        AIMX
 13:45:11             152.8                    337                         AIMX
 13:46:33             152.7                    1391                        AIMX
 13:46:33             152.7                    1081                        AIMX
 13:48:15             152.7                    571                         AIMX
 13:54:36             152.9                    699                         AIMX
 13:54:36             152.9                    1432                        AIMX
 14:15:52             153.8                    52                          AIMX
 14:15:52             153.8                    24948                       AIMX
 14:16:32             154                      50000                       AIMX
 14:24:10             153.1                    1509                        AIMX
 14:28:37             153.1                    730                         AIMX
 14:32:01             153                      2500                        AIMX
 14:33:42             152.7                    756                         AIMX
 14:48:57             154                      2409                        TRQX
 14:48:57             154                      7626                        AIMX
 14:48:57             154                      6274                        AIMX
 14:48:57             154                      1100                        AIMX
 15:11:51             154.6                    2318                        AIMX
 15:16:58             155                      216                         AIMX
 15:16:58             155                      2183                        AIMX
 15:17:39             155                      2229                        TRQX
 15:18:30             155                      2304                        AIMX
 15:18:56             155                      2357                        TRQX
 15:19:27             154.8                    988                         AIMX
 15:19:27             154.8                    1378                        AIMX
 15:29:46             154.9                    52                          AIMX
 15:29:46             154.9                    59                          AIMX
 15:29:46             154.9                    56                          AIMX
 15:32:02             154.9                    52                          AIMX
 15:32:53             154.9                    16000                       AIMX
 15:33:05             154.9                    2351                        TRQX
 15:33:05             154.9                    14781                       AIMX
 15:33:08             154.9                    1592                        AIMX
 15:33:08             154.9                    805                         AIMX
 15:33:10             154.8                    2361                        AIMX
 15:33:44             154.6                    2318                        AIMX
 15:37:13             154.5                    351                         AIMX
 15:38:38             154.5                    2123                        AIMX
 15:43:58             154.8                    3726                        AIMX
 15:43:58             154.8                    600                         AIMX
 15:43:58             154.8                    12751                       AIMX
 15:43:58             154.5                    1                           AIMX
 15:43:58             154.5                    495                         AIMX
 15:43:58             154.5                    24504                       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 / 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.

 

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