Last checked at 15 Oct 2010 07:00
Serica Energy plc
("Serica" or the "Company")
Share Purchase by Directors
Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announces that the Trustees of the Serica Energy Share Incentive Plan ("the Plan") have made purchases of Serica shares under the terms of the Plan on behalf of employees and officers of the Company as a result of which certain directors increased their beneficial shareholdings in the Company by a total of 2,007 shares on 13 October 2010, as follows:
Paul Ellis (Chief Executive) acquired 669 ordinary shares at a price of 56 pence per share taking his total beneficial shareholding to 927,623 shares representing 0.53% of the voting rights;
Christopher Hearne (Finance Director) acquired 669 ordinary shares at a price of 56 pence per share taking his total beneficial shareholding to 736,083 shares representing 0.42% of the voting rights;
Peter Sadler (Chief Operating Officer) acquired 669 ordinary shares at a price of 56 pence per share taking his total beneficial shareholding to 77,623 shares representing 0.04% of the voting rights.
The Company has 176,570,311 shares issued and outstanding.
15 October 2010
Enquiries:
| Serica Energy plc |
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| 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 |
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| J.P.Morgan Cazenove |
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| Steve Baldwin | steve.baldwin@jpmorgancazenove.com | +44 (0)20 7588 2828 |
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| RBC Capital Markets |
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| Josh Critchley | joshua.critchley@rbccm.com | +44 (0)20 7002 2435 |
| Matthew Coakes | matthew.coakes@rbccm.com | +44 (0)20 7653 4871 |
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| CollegeHill |
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| 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.