Serica Energy
plc
("Serica" or the
"Company")
Completion of Buyback
Programme
London, 24 June 2024 - Serica Energy plc (AIM: SQZ), a British independent upstream
oil and gas company, announces that following the purchase of
ordinary shares on 21 June 2024, the Company's share buyback
programme (the "Programme"), as announced on 24 April 2024, has
been completed.
Over the course of the Programme,
the Company has acquired in aggregate 8,437,478 ordinary shares of
US$0.10 each in the Company (the "Ordinary Shares") between 24
April 2024 and 21 June 2024 for a total consideration of
approximately £15 million[1], at a volume
weighted average price of approximately 177.78 pence per
share.
All purchases made under the
Programme were made through the Company's joint broker, Peel Hunt
LLP.
The Company has 393,468,408 Ordinary
Shares in issue, of which 3,010,773 Ordinary Shares are now held in
treasury. Therefore, the total number of Ordinary Shares carrying
voting rights is 390,457,635.
Enquiries:
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Serica Energy plc
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+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 /
Emily Bhasin
|
|
|
|
|
|
Jefferies (Joint Broker)
|
+44
(0)20 7029 8000
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Sam Barnett / Will Soutar
|
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Vigo Consulting (PR Advisor)
|
+44
(0)20 7390 0230
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|
Patrick d'Ancona / Finlay
Thomson
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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.