Serica Energy PLC Long Term Incentive Plan Awards (8938Y)
17 Mayo 2021 - 10:11AM
UK Regulatory
TIDMSQZ
RNS Number : 8938Y
Serica Energy PLC
17 May 2021
17 May 2021
Serica Energy plc
("Serica" or "the Company")
Long Term Incentive Plan Awards
London, 17 May 2021 - Serica Energy plc (AIM: SQZ) announces
that today the Company granted nil-cost options over a total of
2,725,032 ordinary shares of US$0.10 each (representing
approximately 1% of the Company's issued share capital) in
accordance with the rules of the Serica Energy plc 2017 Long Term
Incentive Plan ("LTIP"). The award has been made to members of the
Group's executive team and senior management.
These awards include a total of 1,174,698 ordinary shares of
US$0.10 each for the executive directors as set out in the table
below and are subject to vesting criteria that are designed to
incentivise performance that delivers value for all
shareholders.
The vesting criteria are based on absolute share price
performance over a three-year period and specific performance
targets related to carbon emissions from operations over the same
period. For the awards to vest in full, a 100% increase in average
share price must be maintained for at least a six-month period
together with a significant decrease in carbon emissions per barrel
of oil equivalent produced.
Director / PDMR Position Number of shares awarded
Antony Craven Walker Executive Chairman. 587,349
Mitch Flegg Chief Executive Officer 587,349
Enquiries:
Serica Energy plc +44 (0)20 7390 0230
Tony Craven Walker, Executive Chairman
Mitch Flegg, CEO
Peel Hunt (Nomad & Joint Broker) +44 (0)20 7418 8900
Richard Crichton / David McKeown
Jefferies (Joint Broker) +44 (0)20 7029 8000
Tony White / Will Soutar
Vigo Consulting +44 (0)20 7390 0230
Patrick d'Ancona / Chris McMahon / Simon serica@vigoconsulting.com
Woods
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Antony Craven Walker
---------------------------------------- ------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Executive Chairman
---------------------------------------- ------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- ------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Serica Energy plc
---------------------------------------- ------------------------------
b) LEI 213800EZZOKA815VC426
---------------------------------------- ------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.10
instrument, type of instrument per share par value
---------------------------------------- ------------------------------
Identification code GB00B0CY5V57
---------------------------------------- ------------------------------
b) Nature of the transaction Award of options under the
LTIP
---------------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- -------------- --------------
N/A 587,349
------------------------------------------------------------ --------------
d) Aggregated information N/A (single transaction)
---------------------------------------- ------------------------------
Aggregated volume
-------------------------------------------------------- -------------------
Price
-------------------------------------------------------- -------------------
e) Date of the transaction 17 May 2021
---------------------------------------- ------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------------- ------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mitch Flegg
---------------------------------------- ------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------------------- ------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------------- ------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Serica Energy plc
---------------------------------------- ------------------------------
b) LEI 213800EZZOKA815VC426
---------------------------------------- ------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary shares of US$0.10
instrument, type of instrument per share par value
---------------------------------------- ------------------------------
Identification code GB00B0CY5V57
---------------------------------------- ------------------------------
b) Nature of the transaction Award of options under the
LTIP
---------------------------------------- ------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---------------------------------------- -------------- --------------
N/A 587,349
------------------------------------------------------------ --------------
d) Aggregated information N/A (single transaction)
---------------------------------------- ------------------------------
Aggregated volume
-------------------------------------------------------- -------------------
Price
-------------------------------------------------------- -------------------
e) Date of the transaction 17 May 2021
---------------------------------------- ------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------------- ------------------------------
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END
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May 17, 2021 11:11 ET (15:11 GMT)
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