Serica Energy Regulatory News (SQZ)

7 Jan 2008 15:41

Serica Energy plc07 January 2008 For Immediate Release THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY ORINDIRECTLY, IN, INTO, OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN ORANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOTAN OFFER OF SECURITIES IN THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR ANYJURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. Serica Energy plc ("Serica" or the "Company") SERICA ANNOUNCES COMPLETION OF PLACING London, 7 January 2008 - Serica Energy plc (AIM & TSX-V: SQZ) is pleased toannounce that, following the admission of a total of 24,770,354 new ordinaryshares to the AIM Market and the TSX-V in Canada today, the placing of newordinary shares is completed. The new ordinary shares were placed with institutional and other investors onbehalf of the Company by JPMorgan Cazenove and Tristone Capital. Total fundsraised for the Company are approximately US$52 million before expenses. Enquiries: Serica Energy plcPaul Ellis, paul.ellis@serica-energy.com +44 (0)20 7487 7300 Chief Executive OfficerChris Hearne, chris.hearne@serica-energy.com +44 (0)20 7487 7300 Finance Director JPMorgan CazenoveSteve Baldwin steve.baldwin@jpmorgancazenove.com +44 (0)20 7588 2828 Tristone Capital LimitedMajid Shafiq mshafiq@tristonecapital.com +44 (0)20 7355 5872 Pelham Public Relations -UKJames Henderson james.henderson@pelhampr.com +44 (0)20 7743 6673Alisdair Haythornthwaite alisdair.haythornthwaite@pelhampr.com +44 (0)20 7743 6676 CHF - CanadaSarah Gingerich sarah@chfir.com +1 416 868 1079 Each of JPMorgan Cazenove and Tristone is acting exclusively for the Company asjoint underwriters and co-managers and no one else in relation to the offeringand will not be responsible to any other person (whether or not such person isin receipt of this announcement) for providing the protections afforded to itscustomers or for advising any other person in relation to the offering or anytransaction or arrangement referred to herein. This announcement and the information contained herein is not for publication ordistribution to persons into or from the United States of America, Australia orJapan or in any jurisdiction in which such publication or distribution isunlawful. The making of an offer (including the proposed offering) in certainjurisdictions or to residents who are citizens of certain jurisdictions ("Foreign Persons"), may be restricted by laws or regulations of the relevantjurisdictions. Foreign Persons should inform themselves about and observe anysuch applicable legal requirements in their respective jurisdiction. This announcement does not constitute an offer to sell or issue, or constitutethe solicitation of an offer to acquire or buy, any ordinary shares to anyForeign Persons to whom it is unlawful to make such offer or solicitation insuch jurisdiction. The securities offered have not been, and will not be, registered under theUnited States Securities Act of 1933, as amended (the "Securities Act") or withany securities regulatory authority of any State or other jurisdiction of theUnited States and, accordingly, may not be offered or sold in the United Statesunless registered under the Securities Act or pursuant to an exemption from suchregistration. No regulatory authority has passed upon or endorsed the merits ofthe offering of the securities or the accuracy or adequacy of this announcement.Any representation to the contrary is a criminal offence in the United States. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To receive Company news releases via email, please contact sarah@chfir.com and specify "Serica press releases" in the subject line. This information is provided by RNS The company news service from the London Stock Exchange