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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 152.30

Bid: 152.70

Ask: 153.60

Change: -1.00 (-0.65%)

Spread: 0.90 (0.589%)

Open: 152.80

High: 156.10

Low: 151.40

Prev. Close: 153.30

SQZ Live Price

Last checked at -

Serica notes conditions to buy Tailwind Energy have been satisfied

Tue, 21st Mar 2023 09:33

(Alliance News) - Serica Energy PLC on Tuesday said that the conditions for the acquisition of Tailwind Energy Investments Ltd from Tailwind Energy Holdings LLP have been satisfied.

Serica is a London-based oil & gas company focused on the UK North Sea.

In December, the company said it would buy Tailwind Energy Investments for GBP58.7 million plus issuance of Serica shares.

In connection with the acquisition, up to 111.0 million new shares in Serica will be allotted and issued.

Completion will occur immediately following admission of the consideration shares; this is expected to take place on or around Monday.

Shares in Serica were up 2.7% to 213.00 pence each in London on Tuesday morning.

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Apr 2020 10:42

UPDATE 1-Serica to maintain dividend, sees drilling delays

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23 Apr 2020 09:50

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9 Mar 2020 12:30

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30 Jan 2020 17:39

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30 Jan 2020 12:28

Serica halts production as it repairs issue at Bruce platform

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14 Jan 2020 09:28

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14 Jan 2020 08:48

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18 Dec 2019 10:39

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Serica Energy gets two UK blocks in out-of-round award

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24 Oct 2019 16:36

UPDATE 2-Kerogen tests waters for sale of Zennor Petroleum -sources

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24 Oct 2019 16:36

UPDATE 1-Kerogen tests waters for sale of Zennor Petroleum -sources

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24 Oct 2019 13:39

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24 Oct 2019 12:05

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U.S. grants two-year waiver to North Sea field partly owned by Iran

LONDON, Oct 24 (Reuters) - The U.S. Treasury extended a licence for Serica Energy to operate the Rhum field in the North Sea which is 50% owned by Iran's national oil company, energy producer Serica said on Thursday.The waiver by the U.S. Office o...