TIDMSQZ

RNS Number : 1376U

Serica Energy plc

27 July 2020

 
 For immediate release   27 July 2020

Serica Energy plc

("Serica" or the "Company")

Director / PDMR Shareholding

London, 27 July 2020 - Serica Energy plc (AIM: SQZ) announces that on 24 July 2020 Malcolm Webb, non-executive director, acquired 1,535 ordinary shares in the Company at a price of 122.5763p per share following the payment by the Company of its maiden dividend as approved by shareholders at the AGM held in June 2020.

Following this transaction Mr Webb is interested in 64,506 ordinary shares in the capital of the Company, representing 0.0241% of the Company's current issued share capital.

Enquiries:

Serica Energy plc

Tony Craven Walker, Executive Chairman +44 (0)20 7457 2020

Mitch Flegg, CEO

Peel Hunt (Nomad & Joint Broker) +44 (0)20 7418 8900

Richard Crichton / David McKeown / Alexander Allen

Jefferies (Joint Broker) +44 (0)20 7029 8000

Tony White / Will Soutar

Instinctif Partners

   Mark Garraway / Sarah Hourahane / Dinara Shikhametova                           +44 (0)20 7457 2020

+44 (0)7493 867 435

+44 (0)7580 817 276

serica@instinctif.com

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                                      Malcolm Webb 
      ----------------------------------------  ----------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------- 
 a)    Position/status                           Non-Executive Director 
      ----------------------------------------  ----------------------------- 
 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              Ordinary shares of US$0.10 
        instrument, type of instrument            per share par value 
      ----------------------------------------  ----------------------------- 
       Identification code                       GB00B0CY5V57 
      ----------------------------------------  ----------------------------- 
 b)    Nature of the transaction                 Acquisition of shares 
      ----------------------------------------  ----------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)         Volume(s) 
      ----------------------------------------  ---------------  ------------ 
                                                      122.5763p   1,535 
 ---------------------------------------------  ---------------  ------------ 
 d)    Aggregated information                    N/A (single transaction) 
      ----------------------------------------  ----------------------------- 
  Aggregated volume 
 ---------------------------------------------  ----------------------------- 
  Price 
 ---------------------------------------------  ----------------------------- 
 e)    Date of the transaction                   24 July 2020 
      ----------------------------------------  ----------------------------- 
 f)    Place of the transaction                  London Stock Exchange, AIM 
      ----------------------------------------  -----------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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