Business
Completion of Buyback Programme
Completion of Buyback Programme.
About this update from Serica Energy Plc
[{"type":"text","content":"\n\nSerica Energy plc\n(\"Serica\" or the \"Company\")\nCompletion of Buyback Programme\nLondon, 24 June 2024 - Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announces that following the purchase of ordinary shares on 21 June 2024, the Company's share buyback programme (the \"Programme\"), as announced on 24 April 2024, has been completed.\nOver the course of the Programme, the Company has acquired in aggregate 8,437,478 ordinary shares of US$0.10 each in the Company (the \"Ordinary Shares\") between 24 April 2024 and 21 June 2024 for a total consideration of approximately £15 million[1], at a volume weighted average price of approximately 177.78 pence per share.\nAll purchases made under the Programme were made through the Company's joint broker, Peel Hunt LLP.\nThe Company has 393,468,408 Ordinary Shares in issue, of which 3,010,773 Ordinary Shares are now held in treasury. Therefore, the total number of Ordinary Shares carrying voting rights is 390,457,635.\n \nEnquiries:\n \n\n\n\n\nSerica Energy plc\n\n\n+44 (0)20 7390 0230 \n\n\n\n\nDavid Latin (Chairman and Interim CEO) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and External Relations)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeel Hunt (Nomad & Joint Broker)\n\n\n+44 (0)20 7418 8900\n\n\n\n\nRichard Crichton / David McKeown / Emily Bhasin\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJefferies (Joint Broker)\n\n\n+44 (0)20 7029 8000\n\n\n\n\nSam Barnett / Will Soutar\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nVigo Consulting (PR Advisor) \n\n\n+44 (0)20 7390 0230\n\n\n\n\nPatrick d'Ancona / Finlay Thomson\n\n\[email protected] \n\n\n\n\n \n \nNOTES TO EDITORS\nSerica Energy is a British independent oil and gas exploration and production company with a portfolio of UKCS assets.\nSerica has a balance of gas and oil production. The Company is responsible for about 5% of the natural gas produced in the UK, a key element in the UK's energy transition.\nSerica's producing assets are focused around two main hubs: the Bruce, Keith and Rhum fields in the UK Northern North Sea, which it operates, and a mix of operated and non-operated fields tied back to the Triton FPSO. Serica also has operated interests in the producing Columbus (UK Central North Sea) and Orlando (UK Northern North Sea) fields and a non-operated inter...