AWARD OF SHARE OPTIONS

RNS Number : 4017F

Serica Energy plc

12 January 2010

 



Serica Energy plc 

("Serica" or the "Company")

AWARD OF SHARE OPTIONS TO EXECUTIVE DIRECTORS

London, 12 January 2009 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announces that on Monday 11 January 2009, the following share option awards were made under the Company's Share Option Plan 2005 as amended. 

Director	Number of Share Options  Awarded	Total Number of  Directors Options
Paul Ellis (CEO)	750,000	2,360,000
Chris Hearne (CFO)	675,000	1,835,000
Peter Sadler (COO)	750,000	1,500,000

The exercise price for the awards was the middle market price on AIM on 8 January 2010, which was 68p per ordinary share. The awards granted are subject to performance criteria and will first vest in three years and expire after ten years. 

Enquiries:

Serica Energy plc
Paul Ellis, CEO	[e-mail]	[phone]
Chris Hearne, CFO	[e-mail]	[phone]
J.P.Morgan Cazenove
Steve Baldwin	[e-mail]	[phone]
RBC Capital Markets
Josh Critchley	[e-mail]	[phone]
Matthew Coakes	[e-mail]	[phone]
CollegeHill
Nick Elwes	[e-mail]	[phone]
Simon Whitehead	[e-mail]	[phone]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To receive Company news releases via email, please contact [e-mail] and specify "Serica press releases" in the subject line

 

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