Transaction in Own Shares

Serica Energy PLC

07 May 2024

 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 7 May 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 3 May 2024, it purchased 165,399 ordinary shares of US$0.10 each in the Company on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 24 April 2024 (the "Buyback Programme"). The shares purchased will be held in treasury.

Name of issuer:	Serica Energy plc
ISIN:	GB00B0CY5V57
Date of purchase:	3 May 2024
Aggregate number of ordinary shares purchased:	165,399
Lowest price paid per share (pence per share):	183.6000
Highest price paid per share (pence per share):	185.7000
Volume weighted average price paid per share (pence per share):	185.2263

This announcement is prepared on a trade basis. It is expected that the shares purchased will be delivered to the Company within two working days. The total voting rights referred to below is prepared on a settlement basis.

In addition, following the exercise of employee share options, the Company has today transferred 500,000 ordinary shares out of treasury.

Following the above, the Company will have 393,468,408 ordinary shares of US$0.10 each in issue, of which 1,100,477 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 392,367,931.

The above figure of 392,367,931 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 to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Peel Hunt LLP as part of the Buyback Programme.

Aggregate daily information

Trading Venue	Volume-weighted average price per share (pence)	Aggregated volume	Lowest price per share	Highest price per share
AIM (AIMX)	185.2261	164,863	183.60	185.70
Turguoise (TRQX)	185.3000	536	185.30	185.30
Total	185.2263	165,399	183.60	185.70

Individual transactions:

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
12:38:04	183.60	1,240	AIMX
12:52:03	183.90	910	AIMX
13:02:21	184.35	5,000	AIMX
13:51:18	185.00	25,000	AIMX
14:35:39	184.86	25,000	AIMX
15:04:43	184.95	25,000	AIMX
15:46:22	185.70	35,000	AIMX
16:17:28	185.50	46,000	AIMX
16:24:02	185.30	1,076	AIMX
16:24:41	185.30	637	AIMX
16:25:42	185.30	536	TRQX

Enquiries:

Serica Energy plc	[phone]
David Latin (Chairman and Interim CEO) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and External Relations)
Peel Hunt (Nomad & Joint Broker)	[phone]
Richard Crichton / David McKeown / Georgia Langoulant
Jefferies (Joint Broker)	[phone]
Sam Barnett / Will Soutar
Vigo Consulting (PR Advisor)	[phone]
Patrick d'Ancona / Finlay Thomson	[e-mail]

NOTES TO EDITORS

Serica Energy is a British independent oil and gas exploration and production company with a portfolio of UKCS assets.

Serica has a balance of gas and oil production. The Company is responsible for about 5% of the natural gas produced in the UK, a key element in the UK's energy transition.

Serica's producing assets are focused around two main hubs: the Bruce, Keith and Rhum fields in the UK Northern North Sea, which it operates, and a mix of operated and non-operated fields tied back to the Triton FPSO. Serica also has operated interests in the producing Columbus (UK Central North Sea) and Orlando (UK Northern North Sea) fields and a non-operated interest in the producing Erskine field in the UK Central North Sea.

Serica has a two-pronged strategy for growth comprising investment in its existing portfolio and M&A.

Further information on the Company can be found at www.serica-energy.com. The Company's shares are traded on the AIM market of the London Stock Exchange under the ticker SQZ and the Company is a designated foreign issuer on the TSX. To receive Company news releases via email, please subscribe via the Company website.

 

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