Share Purchase by Directors

RNS Number : 2659M

Serica Energy plc

20 May 2010

 



Serica Energy plc

("Serica" or the "Company")

Share Purchase by Directors

Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announces that the Trustees of the Serica Energy Share Incentive Plan ("the Plan") have made purchases of Serica shares under the terms of the Plan on behalf of employees and officers of the Company as a result of which certain directors increased their beneficial shareholdings in the Company by a total of 1,179 shares on 13 May 2010, as follows:

Paul Ellis (Chief Executive) acquired 393 ordinary shares at a price of 95 pence per share taking his total beneficial shareholding to 874,533 shares representing 0.50% of the voting rights;

Chris Hearne (Finance Director) acquired 393 ordinary shares at a price of 95 pence per share taking his total beneficial shareholding to 732,993 shares representing 0.41% of the voting rights;

Peter Sadler (Chief Operating Officer) acquired 393 ordinary shares at a price of 95 pence per share taking his total beneficial shareholding to 24,533 shares representing 0.01% of the voting rights.

The Company has 176,570,311 voting ordinary shares issued and outstanding.

20 May 2010

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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