Transaction in Own Shares

Serica Energy PLC

19 June 2024

 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 19 June 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 18 June 2024, it purchased 254,229 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:	18 June 2024
Aggregate number of ordinary shares purchased:	254,229
Lowest price paid per share (pence per share):	152.00
Highest price paid per share (pence per share):	157.10
Volume weighted average price paid per share (pence per share):	155.4055

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 2,266,888 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 391,201,520.

The above figure of 391,201,520 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

Venue	Volume-weighted average price per share	Aggregated volume	Lowest price per share	Highest price per share
AIM (AIMX)	155.4055	254,229	152.00	157.10

Individual transactions

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
08:51:42	152.7	35,994	AIMX
11:04:00	152.0	14,006	AIMX
13:22:34	154.0	28	AIMX
13:23:37	154.0	1,195	AIMX
13:24:03	154.0	29	AIMX
13:24:14	154.0	806	AIMX
13:27:44	154.1	1,000	AIMX
13:27:44	154.2	2,387	AIMX
13:28:01	154.3	2,239	AIMX
13:28:19	154.4	440	AIMX
13:28:22	154.5	2,091	AIMX
13:28:25	154.5	267	AIMX
13:28:28	154.6	2,209	AIMX
13:31:42	154.5	12	AIMX
13:31:42	154.5	21	AIMX
13:33:34	154.5	407	AIMX
13:33:34	154.5	1,640	AIMX
13:34:38	154.4	2,476	AIMX
13:45:18	154.4	420	AIMX
13:46:00	154.6	2,051	AIMX
13:51:27	154.3	26	AIMX
13:52:01	154.3	16	AIMX
13:52:17	154.3	22	AIMX
13:56:25	154.6	1,195	AIMX
13:58:47	154.6	1,167	AIMX
14:17:22	154.9	467	AIMX
14:17:22	154.9	1,839	AIMX
14:17:38	155.1	2,113	AIMX
14:19:35	155.0	2,501	AIMX
14:37:44	156.1	20,170	AIMX
14:55:41	150.1	1,053	AIMX
14:41:40	155.7	2,059	AIMX
14:41:40	155.8	2,339	AIMX
14:47:14	156.2	1,195	AIMX
14:49:21	157.1	1,612	AIMX
14:49:21	157.1	676	AIMX
14:49:22	157.0	2,471	AIMX
14:54:49	157.1	2,312	AIMX
14:55:28	156.9	494	AIMX
14:56:03	157.0	494	AIMX
14:56:15	157.1	612	AIMX
14:56:45	156.8	724	AIMX
14:56:46	156.9	890	AIMX
14:56:51	156.9	1,229	AIMX
14:58:03	156.7	2,240	AIMX
15:16:48	156.0	18,570	AIMX
15:17:08	156.0	1,430	AIMX
15:26:38	155.5	325	AIMX
15:32:49	156.7	75,113	AIMX
15:43:37	156.0	9,975	AIMX
15:43:40	156.0	298	AIMX
15:43:40	156.0	9,402	AIMX
15:48:09	155.5	52	AIMX
15:50:21	155.5	225	AIMX
16:05:26	155.7	2,168	AIMX
16:06:38	155.3	119	AIMX
16:06:38	155.3	1,961	AIMX
16:11:01	156.0	10,491	AIMX
16:11:01	156.0	1,200	AIMX
16:11:01	156.0	2,696	AIMX
16:11:01	156.0	34	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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