Transaction in Own Shares

Serica Energy PLC
24 June 2024
 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

 

London, 24 June 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 21 June 2024, it purchased 243,599 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:

21 June 2024

Aggregate number of ordinary shares purchased:

243,599

Lowest price paid per share (pence per share):

151.70

Highest price paid per share (pence per share):

155.80

Volume weighted average price paid per share (pence per share):

154.8626

 

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 3,010,773 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 390,457,635[1].

 

The above figure of 390,457,635 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)

 154.8636

 236,886

151.70

155.80

Turquoise (TRQX)

 154.8286

 6,713

154.40

155.40

Total

 154.8626

 243,599

151.70

155.80

 

 

Individual transactions

 

Time of transaction

Price

(pence per share)

 

Number of shares purchased

Exchange Venue

08:29:21

155.0

2,070

AIMX

08:31:01

153.6

160

AIMX

08:31:01

153.6

2,094

AIMX

08:35:01

152.9

2,478

AIMX

08:37:49

152.0

2,371

AIMX

08:53:01

151.7

2,481

AIMX

09:29:53

152.3

2,148

AIMX

09:44:45

153.5

1,272

AIMX

09:44:45

153.5

955

AIMX

09:44:45

153.6

800

AIMX

09:44:45

153.6

1,537

AIMX

10:15:44

153.3

2,108

AIMX

10:58:40

154.4

5,731

AIMX

10:58:40

154.4

2,196

TRQX

10:58:40

154.4

11,456

AIMX

10:58:40

154.4

2,813

AIMX

10:59:14

154.8

25,000

AIMX

11:19:25

154.2

2,272

AIMX

12:02:31

155.0

448

AIMX

12:02:31

155.0

3,293

AIMX

12:02:31

155.0

2,071

AIMX

12:02:42

155.0

512

AIMX

12:02:42

155.0

4,188

AIMX

12:02:42

155.0

1,608

AIMX

13:07:10

155.8

2,476

AIMX

13:07:18

155.4

1,781

TRQX

13:07:18

155.4

678

TRQX

13:07:18

155.4

8

TRQX

13:07:18

155.4

9,000

AIMX

13:07:18

155.4

1,000

AIMX

13:09:38

155.0

1

AIMX

13:21:41

155.0

1,462

AIMX

13:21:41

155.0

949

AIMX

13:28:05

154.7

2,265

AIMX

13:29:45

154.6

1,863

TRQX

13:29:45

154.6

187

TRQX

13:53:46

155.1

2,114

AIMX

13:53:46

155.0

2,190

AIMX

13:53:46

155.0

1,833

AIMX

13:53:46

155.0

304

AIMX

13:53:46

155.0

5,667

AIMX

13:53:46

155.0

6

AIMX

14:32:15

155.1

2,454

AIMX

14:41:40

155.1

2,257

AIMX

14:42:22

154.8

1,629

AIMX

14:42:22

154.8

438

AIMX

14:54:01

154.8

2,376

AIMX

15:06:05

155.5

50,000

AIMX

15:06:54

155.5

47,699

AIMX

15:48:29

153.8

18,192

AIMX

16:06:12

152.8

2,708

AIMX

 

 

Enquiries

 

Serica Energy plc

+44 (0)20 7390 0230 

David Latin (Chairman and Interim CEO) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and External Relations)




Peel Hunt (Nomad & Joint Broker)

+44 (0)20 7418 8900

Richard Crichton / David McKeown / Georgia Langoulant




Jefferies (Joint Broker)

+44 (0)20 7029 8000

Sam Barnett / Will Soutar




Vigo Consulting (PR Advisor)  

+44 (0)20 7390 0230

Patrick d'Ancona / Finlay Thomson

serica@vigoconsulting.com  

 

 

 

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.

 



[1] During the course of completing the Buyback Programme, an error was identified relating to disclosure of the total number of ordinary shares held in treasury and, therefore, the reported total number of ordinary shares carrying voting rights. The announcements made between 12 June 2024 and 20 June 2024 pursuant to the Buyback Programme should have reported:

 

·       the total number of ordinary shares held in treasury as being 100,000 shares lower than stated; and

·       the total number of ordinary shares carrying voting rights as being 100,000 shares greater than stated.

All other details remain as previously announced.

 



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