Option Awards

RNS Number : 1269Z

Serica Energy plc

03 February 2014

 



Serica Energy plc

("Serica" or the "Company")

Option Awards                                                                            

London, 3 February 2014 - Serica Energy plc (TSX & AIM: SQZ) announces that, on Thursday 30 January 2014, an option award over 600,000 ordinary shares was made under the Company's Share Option Plan 2005 (as amended) to each of the following directors:

Chris Hearne, Finance Director

Mitch Flegg, Chief Operating Officer

The exercise price for the options is 13 pence per share being the middle market price of the Company's shares on AIM on 29 January 2014, the dealing date prior to the date of grant. The options are subject to performance conditions. The earliest exercise date is 30 January 2017 and the options will expire after ten years.

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
Richard Crichton	[e-mail]	[phone]
Charles Batten	[e-mail]	[phone]
RBC Capital Markets
Matthew Coakes	[e-mail]	[phone]
Daniel Conti	[e-mail]	[phone]
Instinctif Partners (formerly College Group)
David Simonson	[e-mail]	[phone]
Catherine Wickman	[e-mail]	[phone]

NOTES TO EDITORS

Serica Energy is an oil and gas exploration and production company with exploration and development assets in the UK and Norway and exploration interests in the Atlantic margins offshore Ireland and West Africa.  The Company is actively exploring its licences offshore UK, Ireland, Morocco and Namibia in partnership with other companies.  Further information on the Company can be found at www.serica-energy.com.

The Company is listed on both the Toronto Stock Exchange and the London AIM under the ticker SQZ.  To receive Company news releases via email, please contact [e-mail] and specify "Serica press releases" in the subject line.

 

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