Award of Share Options

RNS Number : 5339E

Serica Energy plc

07 April 2011

 



Serica Energy plc

("Serica" or the "Company")

AWARD OF SHARE OPTIONS TO EXECUTIVE DIRECTORS

London, 7 April 2011 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announces that on Tuesday 5 April 2011, the following share option award was made under the Company's Share Option Plan 2005 as amended.

Director	Number of Share Options Awarded	Total Number of Options Held
Chris Hearne (CFO)	200,000	2,035,000

The exercise price for the award was the middle market price on AIM on 4 April 2011, which was 31.375p per ordinary share. The award granted is subject to performance criteria and will first vest in three years and expire after ten years.

Enquiries:

Serica Energy plc
Tony Craven Walker, Chairman	[e-mail]		[phone]
Chris Hearne, CFO	[e-mail]		[phone]
J.P.Morgan Cazenove
Patrick Magee	[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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