Last checked at 13 Feb 2019 07:00
Serica Energy plc
("Serica" or the "Company")
Block Listing Application
London, 13 February 2019 - Serica Energy plc (AIM: SQZ) announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 784,000 ordinary shares of US$0.10 each (the "New Ordinary Shares") to be admitted to trading on AIM. It is expected that admission will become effective on 18 February 2019.
The New Ordinary Shares will be issued from time to time in order to satisfy the grant of awards under the Employee Share Incentive Plan. When issued, the New Ordinary 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 ("Ordinary Shares").
The Company expects to publish its first six monthly block listing return in respect of the Employee Share Incentive Plan on or around 16 August 2019.
Enquiries:
Serica Energy plc |
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Tony Craven Walker, Executive Chairman
Mitch Flegg CEO | tony.cravenwalker@serica-energy.com
mitch.flegg@serica-energy.com | +44 (0)20 7457 2020
+44 (0)20 7457 2020
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Peel Hunt |
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Richard Crichton | richard.crichton@peelhunt.com | +44 (0)20 7418 8900 |
Ross Allister James Bavister | ross.allister@peelhunt.com james.bavister@peelhunt.com
| +44 (0)20 7418 8900 +44 (0)20 7418 8900
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Instinctif |
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David Simonson | david.simonson@instinctif.com | +44 (0)20 7457 2020 |
Sarah Hourahane | sarah.hourahane@instinctif.com | +44 (0)20 7457 2020 |
George Yeomans | george.yeomans@instinctif.com | +44 (0)20 7457 2020
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NOTES TO EDITORS
Serica Energy is a British independent oil and gas exploration and production company with exploration, development and production assets in the UK and exploration interests in the Atlantic margins offshore Ireland and Namibia.
Towards the end of 2018, Serica completed transactions which resulted in Serica UK holding a 98% interest in the Bruce field, a 100% interest in the Keith field and a 50% interest in the Rhum field and being operator of all three fields and asset infrastructure.
In addition to a 15% non-operated carried interest in an exploration well currently being drilled on the Rowallan prospect, Serica holds an 18% non-operated interest in the producing Erskine field in the UK Central North Sea and a 50% operated interest in the Columbus Development which has been approved by the OGA and is scheduled to commence development in 2019.
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.