Last checked at 9 Jun 2009 12:29
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Serica Energy plc |
| 2 Reason for the notification (please tick the appropriate box or boxes): | ||
| An acquisition or disposal of voting rights | Yes | |
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | |
| An event changing the breakdown of voting rights | No | |
| Other (please specify): |
| No |
| 3. Full name of person(s) subject to the notification obligation: | Sprott Asset Management LP |
| 4. Full name of shareholder(s) (if different from 3.): | Refer to section 9 |
| 5. Date of the transaction and date on which the threshold is crossed or reached: | June 2, 2009 |
| 6. Date on which issuer notified: | June 4, 2009 |
| 7. Threshold(s) that is/are crossed or reached: | Initial cross 3% |
| 8. Notified details: | |||||||
| A: Voting rights attached to shares | |||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | |||
| Direct | Direct | Indirect | Direct | Indirect | |||
| Ordinary | 4,891,200 | 4,891,200 | 5,778,200 |
| 5,778,200 |
| 3.3% |
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| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
| N/A |
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| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
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| Nominal | Delta |
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| Total (A+B+C) | |
| Number of voting rights | Percentage of voting rights |
| 5,778,200 | 3.3% |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
| Sprott Asset Management is the portfolio manager acting on behalf of Sprott Canadian Equity Fund, Sprott Energy Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund L.P. II., Sprott Master Fund, Ltd., Sprott Master Fund II, Ltd., and the Sprott Managed Accounts |
| Proxy Voting: | |
| 10. Name of the proxy holder: |
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| 11. Number of voting rights proxy holder will cease to hold: |
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| 12. Date on which proxy holder will cease to hold voting rights: |
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| 13. Additional information: |
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| 14. Contact name: | Maggie Tang |
| 15. Contact telephone number: | 1-416-943-4072 mtang@sprott.com |