Last checked at 12 Jan 2010 12:00
Serica Energy plc
("Serica" or the "Company")
AWARD OF SHARE OPTIONS TO EXECUTIVE DIRECTORS
London, 12 January 2009 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announces that on Monday 11 January 2009, the following share option awards were made under the Company's Share Option Plan 2005 as amended.
| Director | Number of Share Options Awarded | Total Number of Directors Options |
| Paul Ellis (CEO) | 750,000 | 2,360,000 |
| Chris Hearne (CFO) | 675,000 | 1,835,000 |
| Peter Sadler (COO) | 750,000 | 1,500,000 |
The exercise price for the awards was the middle market price on AIM on 8 January 2010, which was 68p per ordinary share. The awards granted are subject to performance criteria and will first vest in three years and expire after ten years.
Enquiries:
| Serica Energy plc | ||
| Paul Ellis, CEO | paul.ellis@serica-energy.com | +44 (0)20 7487 7300 |
| Chris Hearne, CFO | chris.hearne@serica-energy.com | +44 (0)20 7487 7300 |
| J.P.Morgan Cazenove | ||
| Steve Baldwin | steve.baldwin@jpmorgancazenove.com | +44 (0)20 7588 2828 |
| RBC Capital Markets | ||
| Josh Critchley | joshua.critchley@rbccm.com | +44 (0)20 7002 2435 |
| Matthew Coakes | matthew.coakes@rbccm.com | +44 (0)20 7653 4871 |
| CollegeHill | ||
| Nick Elwes | nick.elwes@collegehill.com | +44(0)20 7457 2020 |
| Simon Whitehead | simon.whitehead@collegehill.com | +44 (0)20 74572020 |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To receive Company news releases via email, please contact nick.elwes@collegehill.com and specify "Serica press releases" in the subject line