Rule 2.10 Announcement

RNS Number : 6295E

Serica Energy plc

29 September 2008

 

RULE 2.10 ANNOUNCEMENT  

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, Serica Energy plc ('Serica') announces that, as at close of business on 29 September 2008, it had 176,518,310 ordinary shares of US$0.10 in issue. The ISIN reference for these securities is GB00B0CY5V57. In addition, Serica has one ordinary ‘A’ Share of £50,000 in issue.

Enquiries:

Company Secretary

Jan Davies                            [phone]

Dealing disclosure requirements 

Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Salamander Energy plc ('Salamander') or Serica, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Salamander or Serica, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Takeover Code, all 'dealings' in 'relevant securities' of Salamander or Serica by Salamander or Serica, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

 

END

 

 

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