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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Serica Energy PLC | AQSE:SQZ.GB | Aquis Stock Exchange | Ordinary Share | GB00B0CY5V57 | Ordinary Shares Usd 10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 1.57% | 194.50 | 185.00 | 204.00 | 205.00 | 188.50 | 197.50 | 19,706 | 16:29:38 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSQZ
RNS Number : 9349Z
Serica Energy PLC
18 May 2023
18 May 2023
Serica Energy plc
("Serica" or "the Company")
Long Term Incentive Plan Awards
London, 18 May 2023 - Serica Energy plc (AIM: SQZ) announces that the Company has granted nil-cost options over a total of 1,075,668 ordinary shares of US$0.10 each (representing approximately 0.2% 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.
These awards include a total of 472,777 ordinary shares of US$0.10 each for the 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 are based on absolute share price performance over a three-year period and specific performance targets related to carbon emissions from operations over the same period. For the awards to vest in full, the highest average share price must be at least equal to 500p during the 180 day period terminating on the end of the performance period together with a significant decrease in carbon emissions per barrel of oil equivalent produced.
Director / PDMR Position Number of shares awarded Mitch Flegg Chief Executive Officer 319,444 Andy Bell Chief Financial Officer 153,333
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 Mitch Flegg ---------------------------------------- ------------------------------ 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 Ordinary shares of US$0.10 instrument, type of instrument 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 319,444 ------------------------------------------------------------ -------------- d) Aggregated information N/A (single transaction) ---------------------------------------- ------------------------------ Aggregated volume -------------------------------------------------------- ------------------- Price -------------------------------------------------------- ------------------- e) Date of the transaction 18 May 2023 ---------------------------------------- ------------------------------ f) Place of the transaction Outside a trading venue ---------------------------------------- ------------------------------ Details of the person discharging managerial responsibilities / person closely associated Name Andy Bell ----------------------------------- 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 Ordinary shares of US$0.10 per instrument, type of instrument 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 153,333 ----------------------------------------------------------- ---------------- Aggregated information N/A (single transaction) ----------------------------------- Aggregated volume ---------------- Price ---------------- Date of the transaction 18 May 2023 ----------------------------------- Place of the transaction Outside a trading venue -----------------------------------
Enquiries:
+44 (0)20 7390 Serica Energy plc 0230 Mitch Flegg (CEO) / Andy Bell (CFO) +44 (0)20 7418 Peel Hunt (Nomad & Joint Broker) 8900 Richard Crichton / David McKeown +44 (0)20 7029 Jefferies (Joint Broker) 8000 Tony White / Will Soutar +44 (0)20 7390 Vigo Consulting (PR Advisor) 0230 Patrick d'Ancona / Finlay Thomson serica@vigoconsulting.com
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END
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(END) Dow Jones Newswires
May 18, 2023 10:09 ET (14:09 GMT)
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