REG - Serica Energy PLC - Transaction in Own Shares
24/06/2024 07:00
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RNS Number : 4883T Serica Energy PLC 24 June 2024
Serica Energy plc
("Serica" or the "Company")
Transaction in Own Shares
London, 24 June 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces
that on 21 June 2024, it purchased 243,599 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: 21 June 2024
Aggregate number of ordinary shares purchased: 243,599
Lowest price paid per share (pence per share): 151.70
Highest price paid per share (pence per share): 155.80
Volume weighted average price paid per share (pence per share): 154.8626
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 3,010,773 ordinary shares are held in
treasury. Therefore, the total number of ordinary shares carrying voting
rights will be 390,457,635 1 .
The above figure of 390,457,635 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
Venue Volume-weighted average price per share Aggregated volume Lowest price per share Highest price per share
AIM (AIMX) 154.8636 236,886 151.70 155.80
Turquoise (TRQX) 154.8286 6,713 154.40 155.40
Total 154.8626 243,599 151.70 155.80
Individual transactions
Time of transaction Price Number of shares purchased Exchange Venue
(pence per share)
08:29:21 155.0 2,070 AIMX
08:31:01 153.6 160 AIMX
08:31:01 153.6 2,094 AIMX
08:35:01 152.9 2,478 AIMX
08:37:49 152.0 2,371 AIMX
08:53:01 151.7 2,481 AIMX
09:29:53 152.3 2,148 AIMX
09:44:45 153.5 1,272 AIMX
09:44:45 153.5 955 AIMX
09:44:45 153.6 800 AIMX
09:44:45 153.6 1,537 AIMX
10:15:44 153.3 2,108 AIMX
10:58:40 154.4 5,731 AIMX
10:58:40 154.4 2,196 TRQX
10:58:40 154.4 11,456 AIMX
10:58:40 154.4 2,813 AIMX
10:59:14 154.8 25,000 AIMX
11:19:25 154.2 2,272 AIMX
12:02:31 155.0 448 AIMX
12:02:31 155.0 3,293 AIMX
12:02:31 155.0 2,071 AIMX
12:02:42 155.0 512 AIMX
12:02:42 155.0 4,188 AIMX
12:02:42 155.0 1,608 AIMX
13:07:10 155.8 2,476 AIMX
13:07:18 155.4 1,781 TRQX
13:07:18 155.4 678 TRQX
13:07:18 155.4 8 TRQX
13:07:18 155.4 9,000 AIMX
13:07:18 155.4 1,000 AIMX
13:09:38 155.0 1 AIMX
13:21:41 155.0 1,462 AIMX
13:21:41 155.0 949 AIMX
13:28:05 154.7 2,265 AIMX
13:29:45 154.6 1,863 TRQX
13:29:45 154.6 187 TRQX
13:53:46 155.1 2,114 AIMX
13:53:46 155.0 2,190 AIMX
13:53:46 155.0 1,833 AIMX
13:53:46 155.0 304 AIMX
13:53:46 155.0 5,667 AIMX
13:53:46 155.0 6 AIMX
14:32:15 155.1 2,454 AIMX
14:41:40 155.1 2,257 AIMX
14:42:22 154.8 1,629 AIMX
14:42:22 154.8 438 AIMX
14:54:01 154.8 2,376 AIMX
15:06:05 155.5 50,000 AIMX
15:06:54 155.5 47,699 AIMX
15:48:29 153.8 18,192 AIMX
16:06:12 152.8 2,708 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
(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 During the course of completing the Buyback Programme, an error was
identified relating to disclosure of the total number of ordinary shares held
in treasury and, therefore, the reported total number of ordinary shares
carrying voting rights. The announcements made between 12 June 2024 and 20
June 2024 pursuant to the Buyback Programme should have reported:
· the total number of ordinary shares held in treasury as being
100,000 shares lower than stated; and
· the total number of ordinary shares carrying voting rights as
being 100,000 shares greater than stated.
All other details remain as previously announced.
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