London - Serica Energy plc (AIM: SQZ) announces that today the Company granted nil-cost options over a total of 2,669,280 ordinary shares of US$0.10 each (representing approximately 1% 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, senior management and employees.
Tel: +44 (0)20 7029 8000
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.
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.
(C) 2020 Electronic News Publishing, source ENP Newswire