Transaction in Own Shares

Serica Energy PLC

20 May 2024

 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 20 May 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 17 May 2024, it purchased 425,243 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:	17 May 2024
Aggregate number of ordinary shares purchased:	425,243
Lowest price paid per share (pence per share):	179.0000
Highest price paid per share (pence per share):	182.6000
Volume weighted average price paid per share (pence per share):	181.7292

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.

Following the above, the Company will have 393,468,408 ordinary shares of US$0.10 each in issue, of which 4,732,834 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 388,735,574.

The above figure of 388,735,574 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)	181.7349	417,512	179.00	182.60
Aquis (AQXE)	179.6204	452	179.60	180.00
Turquoise (TRQX)	181.5287	7,279	179.60	182.40
Total	181.7292	425,243	179.00	182.60

Individual transactions:

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
08:48:46	180.6	2,044	AIMX
08:49:06	180.1	2,466	AIMX
08:50:49	180.0	2,184	AIMX
08:50:56	179.1	429	AIMX
08:52:49	179.1	1,700	AIMX
08:55:52	179.0	30	AIMX
08:56:06	179.0	2,333	AIMX
09:04:15	179.5	872	AIMX
09:04:16	179.5	1,176	AIMX
09:10:51	179.1	282	AIMX
09:10:51	179.1	1,794	AIMX
09:11:30	179.6	429	AQXE
09:11:30	179.6	1,082	TRQX
09:11:30	179.6	347	TRQX
09:11:30	179.6	369	TRQX
09:25:50	179.7	971	AIMX
09:27:35	180.0	23	AQXE
09:34:05	180.0	2,463	AIMX
09:34:06	179.6	2,292	AIMX
09:34:30	179.7	1,372	AIMX
09:35:06	180.0	50,000	AIMX
09:35:30	179.7	694	AIMX
09:41:28	179.7	81	AIMX
10:02:09	179.7	1,422	AIMX
10:02:09	179.7	654	AIMX
10:22:52	179.8	325	AIMX
10:31:24	179.8	494	AIMX
11:08:02	180.1	44	AIMX
11:42:22	180.2	44	AIMX
12:08:00	180.3	2,120	AIMX
12:08:00	180.3	56	AIMX
12:20:03	180.2	44	AIMX
12:20:03	180.2	1,866	AIMX
12:20:03	180.2	234	AIMX
12:36:14	180.2	1,382	AIMX
12:43:29	180.2	632	AIMX
13:06:52	180.9	51	TRQX
13:07:00	181.0	1,982	AIMX
13:08:10	181.0	271	AIMX
13:22:45	181.8	1,500	AIMX
13:22:45	181.8	871	AIMX
13:26:54	181.4	2,413	AIMX
13:27:30	181.3	1,622	AIMX
13:39:22	182.0	2,427	TRQX
13:43:05	181.4	2,463	AIMX
13:43:36	181.6	100,000	AIMX
14:17:33	181.4	15	AIMX
14:21:48	181.8	2,167	AIMX
14:38:08	181.9	2,238	AIMX
14:45:36	182.0	1,173	AIMX
14:45:36	182.0	28	AIMX
14:47:21	182.0	918	AIMX
15:00:34	182.1	2,178	AIMX
15:10:13	182.1	868	TRQX
15:32:48	182.2	121	AIMX
15:32:48	182.2	2	AIMX
15:32:48	182.2	42	AIMX
15:33:10	182.2	1,000	AIMX
15:33:10	182.2	1,176	AIMX
15:34:08	182.0	2,111	AIMX
15:34:10	182.0	280	AIMX
15:34:10	182.0	53	AIMX
15:34:10	182.0	1	AIMX
15:34:10	182.0	43	AIMX
15:34:10	182.0	388	AIMX
15:34:10	182.0	8	AIMX
15:34:53	182.0	1,422	AIMX
15:39:20	182.2	2,062	AIMX
15:39:56	182.2	2,345	AIMX
15:50:50	182.5	2,463	AIMX
15:51:20	182.5	2,440	AIMX
15:52:30	182.4	925	TRQX
15:52:30	182.4	1,210	TRQX
15:59:55	182.6	50,000	AIMX
16:06:30	182.5	149,216	AIMX

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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