Result of AGM

RNS Number : 0133I

Serica Energy plc

27 June 2013

 



Serica Energy plc

("Serica" or the "Company")

Annual General Meeting ("AGM") Results

London, 27 June 2013- Serica Energy plc (AIM & TSX: SQZ) announces that all of the  resolutions set out in the Notice of AGM dated 30 May 2013 were duly passed on a show of hands at the AGM held today.

The proxy votes cast on the resolutions were as follows:

	Votes in Favour	% of votes cast	Votes against	% of votes cast
Resolution 1	43,479,644	99.67	-	0.00
Resolution 2	43,472,708	99.65	7,186	0.02
Resolution 3	43,389,740	99.67	4,000	0.01
Resolution 4	43,384,990	99.66	8,750	0.02
Resolution 5	43,432,968	99.66	9,151	0.02
Resolution 6	43,434,143	99.66	9,151	0.02
Resolution 7	43,434,543	99.66	8,751	0.02
Resolution 8	43,434,544	99.66	8,750	0.02
Resolution 9	43,300,609	99.66	4,750	0.01
Resolution 10	43,306,343	99.37	129,151	0.30
Resolution 11	43,259,440	99.38	131,500	0.30

Serica also announces that a statement made by Tony Craven Walker, Chairman, given at the AGM today is available to view at www.serica-energy.com. A copy of the presentation made at the AGM is also on the website under Investor Centre/Current Presentations.

Serica Energy plc

Jan Davies, Company Secretary	[e-mail]	[phone]
Tony Craven Walker, Chairman & Interim CEO	[e-mail]	[phone]
Chris Hearne, CFO	[e-mail]	[phone]
J.P.Morgan Cazenove
Michael Wentworth-Stanley	[e-mail]	[phone]
RBC Capital Markets
Matthew Coakes	[e-mail]	[phone]
Peel Hunt
Richard Crichton	[e-mail]	[phone]
College Hill
David Simonson	[e-mail]	[phone]
Catherine Wickman	[e-mail]	[phone]
Alexandra Roper	[e-mail]	[phone]

NOTES TO EDITORS

Serica Energy was formed in 2004 and, since then, has drilled 20 wells in locations as diverse as the UK Offshore, the Atlantic margin offshore Ireland, offshore Indonesia (North West Sumatra, East Kalimantan and Java) and offshore Vietnam.  Seventeen of these wells were drilled by the Company as Operator, fourteen of the wells encountered oil or gas and six of these were commercial.  The first of the commercial discoveries, the Kambuna field in North West Sumatra, was developed by the Company.  The second, the Columbus field in the UK North Sea, is now in the pre-development stage with final project sanction pending. The Company also has a residual economic interest in the Bream oil field offshore Norway, which will be crystallised when the field is developed, and licence interests offshore Ireland, Morocco and Namibia.  Further information on the Company can be found at www.serica-energy.com.

The technical information contained in the announcement has been reviewed and approved by Mitch Flegg, Chief Operating Officer of Serica Energy plc. Mitch Flegg (BSc in Physics from Birmingham University) has 31 years of experience in oil & gas exploration and development and is a member of the Society of Petroleum Engineers (SPE) and the Petroleum Exploration Society of Great Britain (PESGB).

The Company is listed on both the Toronto Stock Exchange and the London AIM under the ticker SQZ. 

To receive Company news releases via email, please contact [e-mail] and specify "Serica press releases" in the subject line.

FORWARD LOOKING STATEMENTS

This disclosure contains certain forward looking statements that involve substantial known and unknown risks and uncertainties, some of which are beyond Serica Energy plc's control, including: geological, geophysical and technical risk, the impact of general economic conditions where Serica Energy plc operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities.  Serica Energy plc's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that Serica Energy plc will derive therefrom.

 

END

 

 

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