1 Jul 2020 17:53
For immediate release | 1 July 2020 |
Serica Energy plc
("Serica" or the "Company")
Director / PDMR Shareholding
London, 1 July 2020 - Serica Energy plc (AIM: SQZ) announces that Luska Limited has sold 185,000 ordinary shares in the Company at an average sales price of 108.50p per share. Luska Limited is a private company controlled by Neil Pike, a non-executive director of the Company, and the sale has resulted from an intended change of control of Luska Limited.
Following this transaction Mr Pike retains 320,000 ordinary shares in the capital of the Company, representing 0.12% of the Company's current issued share capital.
Enquiries:
Serica Energy plc | +44 (0)20 7457 2020 |
Tony Craven Walker, Executive Chairman |
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Mitch Flegg, CEO |
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Peel Hunt (Nomad & Joint Broker) | +44 (0)20 7418 8900 |
Richard Crichton / David McKeown / Alexander Allen |
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Jefferies (Joint Broker) | +44 (0)20 7029 8000 |
Tony White / Will Soutar |
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Instinctif Partners | +44 (0)20 7457 2020 |
Mark Garraway / Sarah Hourahane / Dinara Shikhametova | +44 (0)7493 867 435 +44 (0)7580 817 276 |
| serica@instinctif.com |
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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 offshore Namibia.
Serica is the operator of the producing Bruce, Keith and Rhum fields in the UK Northern North Sea, holding a 98% interest in the Bruce field, a 100% interest in the Keith field and a 50% interest in the Rhum field.
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 field for which development has been approved by the OGA and has commenced.
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.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Neil Pike | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Non-executive director, Serica Energy plc | ||||||||
b) | Initial notification/Amendment | Initial Notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Serica Energy plc | ||||||||
b) | LEI | 213800EZZOKA815VC426 | ||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of US$0.10 per share par value | ||||||||
| Identification code | GB00B0CY5V57 | ||||||||
b) | Nature of the transaction | Disposal, with a target minimum price and trading plan because of the size of the transaction compared to the normal trading volumes of the Company on the AIM market, of all the shares in Serica Energy plc held by Luska Limited, a private company controlled by Neil Pike. | ||||||||
c) | Price(s) and volumes(s) |
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d) | Aggregated information |
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| Aggregated volume |
185000
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| Price | 108.50 pence per share | ||||||||
e) | Date of the transaction | As (c) above, BST | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
Serica Energy (SQZ)