TIDMSQZ

RNS Number : 4105N

Serica Energy PLC

22 September 2023

Serica Energy plc

("Serica" or the "Company")

Issue of Shares and Total Voting Rights

London, 22 September 2023 - Further to the announcement of completion of the acquisition of Tailwind Energy Investments Ltd on 23 March 2023, Serica Energy plc (AIM: SQZ) announces the issue to the Seller of 1,438,849 new ordinary shares of US$0.10 each in the capital of the Company. These new shares are the first tranche of the 2.9 million Consideration Shares[1] that are being issued in accordance with certain warranty provisions of the SPA.

Admission to Trading and Total Voting Rights

An application has been made to the London Stock Exchange for 1,438,849 new ordinary shares of US$0.10 each in the capital of the Company to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. on or around 25 September 2023 and that dealings on AIM will commence at the same time. When issued, the new Consideration Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of US$0.10 each in the capital of the Company.

Following Admission, the Company will have 388,345,933 shares in issue. The Company does not currently hold any shares in treasury. Accordingly, the total number of voting rights will be 388,345,933.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcement of the Acquisition made by the Company on 20 December 2022.

Enquiries:

 
                                        +44 (0)20 7390 
 Serica Energy plc                       0230 
 Mitch Flegg (CEO) / Andy Bell (CFO) 
 
                                        +44 (0)20 7418 
 Peel Hunt (Nomad & Joint Broker)        8900 
 Richard Crichton / David McKeown / 
  Georgia Langoulant 
 
                                        +44 (0)20 7029 
 Jefferies (Joint Broker)                8000 
 Tony White / Will Soutar 
 
                                        +44 (0)20 7390 
 Vigo Consulting (PR Advisor)            0230 
 Patrick d'Ancona / Finlay Thomson      serica@vigoconsulting.com

[1] As stated in the announcement of the Acquisition on 20 December 2022, the total number of Consideration Shares is up to 111,048,124 of which 108,170,426 were issued on completion.

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END

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(END) Dow Jones Newswires

September 22, 2023 09:16 ET (13:16 GMT)

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