Serica Energy Regulatory News (SQZ)

7 Jan 2008 07:00

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 EGM RESULT London, 7 January 2008 - Serica Energy plc (AIM & TSX-V: SQZ) is pleased toannounce that the resolutions proposed at the Company's EGM held on Friday 4January 2008 relating to the placing of new ordinary shares were duly passed byshareholders. A total of 24,770,354 new ordinary shares have been placed with institutionaland other investors on behalf of the Company by JPMorgan Cazenove and TristoneCapital. Total funds raised for the Company are approximately US$52 millionbefore expenses. Tony Craven Walker, Chairman, subscribed for 478,847 new ordinary shares whichwill take his aggregate holding to 3.0% of the Company's enlarged issued votingshare capital. Steve Theede, non executive director, subscribed for 238,100 newordinary shares which will take his aggregate holding to 0.4% of the Company'senlarged issued voting share capital. Ian Vann, non executive director,subscribed for 24,510 new ordinary shares which will take his aggregate holdingto 0.02% of the Company's enlarged issued voting share capital. Following admission of the new ordinary shares to the AIM Market and the TSX-Vin Canada, the Company will have a total of 176,418,310 ordinary voting sharesin issue. Dealings in the new ordinary shares are expected to commence today. The statement made by Tony Craven Walker, Chairman, at the EGM is available onthe Company's website www.serica-energy.com. Enquiries: Serica Energy plcPaul Ellis, paul.ellis@serica-energy.com +44 (0)20 7487 7300Chief Executive OfficerChris Hearne, chris.hearne@serica-energy.com +44 (0)20 7487 7300Finance 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