Transaction in Own Shares

Serica Energy PLC

16 May 2024

 

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 16 May 2024 - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 15 May 2024, it purchased 419,111 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:	15 May 2024
Aggregate number of ordinary shares purchased:	419,111
Lowest price paid per share (pence per share):	182.5000
Highest price paid per share (pence per share):	187.7000
Volume weighted average price paid per share (pence per share):	184.4640

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 3,884,462 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 389,583,946.

The above figure of 389,583,946 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)	184.4572	417,254	182.50	187.70
Aquis (AQXE)	186.0000	1,857	186.00	186.00
Total	184.4640	419,111	182.50	187.70

Individual transactions:

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
08:14:30	186.0	2,309	AIMX
08:27:26	185.7	2,066	AIMX
08:27:26	185.7	12	AIMX
08:50:42	185.8	2,056	AIMX
08:53:49	186.3	34,451	AIMX
08:57:13	186.7	1,315	AIMX
08:57:50	187.0	100,000	AIMX
09:21:10	187.7	2,062	AIMX
09:35:08	187.4	1,290	AIMX
09:35:08	187.4	1,012	AIMX
09:48:40	187.3	2,163	AIMX
09:48:42	186.7	950	AIMX
10:00:47	186.7	1,208	AIMX
10:03:41	186.0	830	AIMX
10:03:41	186.0	1,456	AIMX
10:03:45	185.8	920	AIMX
10:12:00	186.2	2,155	AIMX
10:12:03	186.0	1,857	AQXE
10:25:05	186.3	116	AIMX
10:26:51	186.3	219	AIMX
10:26:52	186.3	1,870	AIMX
10:33:43	186.2	2,305	AIMX
10:46:47	186.1	2,443	AIMX
10:48:39	186.0	19	AIMX
10:53:52	186.0	2,112	AIMX
10:55:46	185.8	2,058	AIMX
11:07:46	185.7	176	AIMX
11:11:53	185.7	18	AIMX
11:18:41	185.7	1,571	AIMX
11:18:41	185.7	651	AIMX
11:22:09	185.6	2,130	AIMX
11:48:49	185.3	10	AIMX
11:48:50	185.3	10	AIMX
11:48:52	185.3	4	AIMX
11:52:51	185.3	220	AIMX
12:01:42	185.7	2,184	AIMX
12:01:46	185.6	2,161	AIMX
12:01:51	185.3	2,405	AIMX
12:01:54	185.3	2,226	AIMX
12:02:00	184.9	637	AIMX
12:03:48	184.9	9	AIMX
12:03:49	184.9	8	AIMX
12:03:50	184.9	4	AIMX
12:11:54	184.9	7	AIMX
12:11:56	184.9	7	AIMX
12:11:57	184.9	6	AIMX
12:18:44	184.9	1,511	AIMX
12:31:48	184.4	2,305	AIMX
12:41:51	184.1	26	AIMX
12:42:46	184.1	785	AIMX
12:43:15	184.1	218	AIMX
12:48:36	184.1	40	AIMX
12:49:55	184.1	216	AIMX
12:56:03	184.2	713	AIMX
13:08:27	184.2	1,250	AIMX
13:08:27	184.2	225	AIMX
13:11:54	184.1	556	AIMX
13:11:54	184.1	1,500	AIMX
13:31:00	185.1	697	AIMX
13:31:00	185.1	1,698	AIMX
13:31:01	185.0	2,286	AIMX
13:32:32	184.8	2,146	AIMX
13:38:08	185.0	542	AIMX
13:38:08	185.0	1,829	AIMX
13:38:10	184.8	221	AIMX
08:57:13	186.7	1,315	AIMX
13:39:45	184.8	711	AIMX
13:39:45	184.8	1,444	AIMX
13:41:57	184.7	2,228	AIMX
13:41:59	184.4	2,134	AIMX
13:42:00	184.3	454	AIMX
13:42:00	184.3	1,610	AIMX
13:55:17	184.1	100	AIMX
13:55:17	184.1	2,310	AIMX
13:57:47	184.0	798	AIMX
13:57:53	184.0	450	AIMX
13:58:07	184.0	245	AIMX
13:58:27	184.0	573	AIMX
14:48:53	182.5	203,592	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.

 

END