Business
Long Term Incentive Plan Awards
Serica Energy plc has granted nil-cost options over 1,640,464 ordinary shares, representing approximately 0.4168% of its issued share capital, to executive directors and senior management under its Long Term Incentive Plan. The Chief Executive Officer received options for 523,255 shares, and the Chief Financial Officer received options for 264,534 shares. These awards are contingent upon achieving a relative Total Shareholder Return target over a three-year period commencing April 1, 2026, designed to align management incentives with shareholder value creation. Disclaimer*
About this update from Serica Energy Plc
17 April 2026 Serica Energy plc ("Serica" or "the Company") Long Term Incentive Plan Awards London, 17 April 2026 - Serica Energy plc (AIM: SQZ) announces that on 16 April 2026, the Company has granted nil-cost options over a total of 1,640,464 ordinary shares (the " Awards ") of US$0.10 each (representing approximately 0.4168% of the Company's issued share capital) in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP"). The award has been made to members of the Group's executive team and senior management. The Awards include nil-cost options over a total of 787,789 ordinary shares of US$0.10 each to executive directors as set out in the table below and are subject to vesting criteria that are designed to incentivise performance that delivers value for all shareholders. The vesting criteria is subject to achievement of a relative TSR performance target, measured at the end of a three-year performance period commencing on 1 April 2026. Full details of the relative TSR performance target is detailed in the Company's Annual Report and Accounts that will be published to shareholders shortly. Director / PDMR Position Number of shares awarded Christopher Cox Chief Executive Officer 523,255 Martin Copeland Chief Financial Officer 264,534 The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail. Enquiries: Serica Energy plc Martin Copeland (CFO) / Andrew Benbow (Head of Investor Relations) +44 (0)20 7487 7300 Peel Hunt LLP (Nomad and Broker to Serica) Richard Crichton / David McKeown / Emily Bhasin +44 (0)207 418 8900 Jefferies (Joint Broker) Sam Barnett / Cameron Jones +44 (0)20 7029 8000 Vigo Consulting (PR Adviser to Serica) Patrick d'Ancona +44 (0)20 7390 0230 [email protected] 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 Christopher Cox 2 Reason for the notification a) Position/status Chief Executive Officer 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 Award of options under the LTIP c) Price(s) and volumes(s) Price(s) Volume(s) N/A 523,255 d) Aggregated information N/A (single transaction) Aggregated volume Price e) Date of the transaction 16 April 2026 f) Place of the transaction Outside a trading venue Details of the person discharging managerial responsibilities / person closely associated Name Martin Copeland Reason for the notification Position/status Chief Financial Officer Initial notification/Amendment Initial Notification Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Serica Energy plc LEI 213800EZZOKA815VC426 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 Description of the financial instrument, type of instrument Ordinary shares of US$0.10 per share par value Identification code GB00B0CY5V57 Nature of the transaction Award of options under the LTIP Price(s) and volumes(s) Price(s) Volume(s) N/A 264,534 Aggregated information N/A (single transaction) Aggregated volume Price Date of the transaction 16 April 2026 Place of the transaction Outside a trading venue