Admission of Shares and Directors' Dealings

RNS Number : 1275T

Serica Energy plc

15 November 2013

 



Not for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States, Australia, Canada, Japan or any jurisdiction in which such release, publication or distribution is unlawful.

15 November 2013

Serica Energy plc

Capital Raising - Admission of New Ordinary Shares and Directors' Dealings

Further to the Company's announcement on 11 November 2013 in relation to the issue of 67,408,729 New Ordinary Shares pursuant to the Capital Raising, the Company announces that the New Ordinary Shares have been admitted to trading on AIM, a market operated by the London Stock Exchange plc and that dealings commenced at 8.00 a.m. (London time) today. The New Ordinary Shares are expected to be listed on the TSX as soon as practicable.

The New Ordinary Shares will rank pari passu in all respects with the Existing Ordinary Shares, and therefore rank equally for all dividends or other distributions declared, made or paid after today, the date of issue of the New Ordinary Shares.

Following Admission, the Company's issued share capital consists of 250,179,040 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the company with voting rights is 250,179,040.

The above figure 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 in their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Company has received the following disclosures of directors' dealings as part of the Capital Raising:

Director's holdings immediately prior to the Capital Raise

	Total direct and indirect holdings in the Company immediately prior to the Capital Raise	Total holdings as a percentage of the Enlarged Share Capital immediately prior to the Capital Raise
Antony Craven Walker *	5,970,236	3.27
Mitchell Flegg	129,799	0.07
Christopher Hearne	821,615	0.45
Jeffrey Harris **	25,501,736	13.95
Neil Pike ***	405,000	0.22
Steven Theede	749,485	0.41
Ian Vann	133,935	0.07

Number of New Ordinary Shares acquired and Director's holdings following Admission of the New Ordinary Shares

	No. Ordinary Shares acquired as part of the Capital Raise	Total direct and indirect holdings in the Company following Admission of the New Ordinary Shares	Total holdings as a percentage of the Enlarged Share Capital following Admission of the New Ordinary Shares
Antony Craven Walker *	1,859,680	7,829,916	3.13
Mitchell Flegg	166,666	296,465	0.12
Christopher Hearne	225,000	1,046,615	0.42
Jeffrey Harris **	20,588,840	46,090,576	18.42
Neil Pike ***	100,000	505,000	0.20
Steven Theede	0	749,485	0.30
Ian Vann	134,000	267,935	0.11

*          Includes Ordinary Shares held by Christine Elizabeth Walker and Rathbones (pension funds).

**        Includes Ordinary Shares held by GRG.

***      Includes Ordinary Shares held by Romayne Pike and by Luska Limited.

All defined terms in this announcement shall have the meanings ascribed to them in the announcement of 22 October 2013.

Enquiries:

Serica Energy plc
Tony Craven Walker Chairman & Interim CEO	[e-mail]	[phone]
Mitch Flegg, COO	[e-mail]	[phone]
Chris Hearne, CFO	[e-mail]	[phone]
Peel Hunt LLP
Richard Crichton	[e-mail]	[phone]
Charles Batten	[e-mail]	[phone]
RBC Capital Markets
Matthew Coakes	[e-mail]	[phone]
Daniel Conti	[e-mail]	[phone]
College Hill
David Simonson	[e-mail]	[phone]
Catherine Wickman	[e-mail]	[phone]
Alexandra Roper	[e-mail]	[phone]

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Serica Energy plc (the "Company", and such securities, the "Securities") in the United States, Australia, Canada, Japan, or in any other jurisdiction where such offer or sale would be unlawful.

The Securities have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, taken up, exercised, renounced, delivered, distributed or transferred, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the Securities is being made in the United States.

The Securities have not been and will not be registered under the relevant laws of any state, province or territory of  Australia or Japan and may not be offered, sold or resold, taken up, transferred, delivered or distributed, directly or indirectly within Australia or Japan except pursuant to an applicable exemption from registration requirements.

This announcement is for information purposes only and does not constitute or form part of any issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any Securities in any jurisdiction and should not be relied upon in connection with any decision to subscribe for or acquire any Securities.  In particular, this announcement does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States.

 

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