/THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM THE UNITED STATES OF AMERICA,
AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN THE UNITED STATES OF
AMERICA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE
LONDON, Jan. 7 /CNW/ - Serica Energy plc (AIM & TSX-V: SQZ) is pleased to
announce that the resolutions proposed at the Company's EGM held on Friday 4
January 2008 relating to the placing of new ordinary shares were duly passed
A total of 24,770,354 new ordinary shares have been placed with
institutional and other investors on behalf of the Company by JPMorgan
Cazenove and Tristone Capital. Total funds raised for the Company are
approximately US$52 million before expenses.
Tony Craven Walker, Chairman, subscribed for 478,847 new ordinary shares
which will take his aggregate holding to 3.0% of the Company's enlarged issued
voting share capital. Steve Theede, non executive director, subscribed for
238,100 new ordinary shares which will take his aggregate holding to 0.4% of
the Company's enlarged issued voting share capital. Ian Vann, non executive
director, subscribed for 24,510 new ordinary shares which will take his
aggregate holding to 0.02% of the Company's enlarged issued voting share
Following admission of the new ordinary shares to the AIM Market and the
TSX-V in Canada, the Company will have a total of 176,418,310 ordinary voting
shares in issue.
Dealings in the new ordinary shares are expected to commence today.
The statement made by Tony Craven Walker, Chairman, at the EGM is
available on the Company's website www.serica-energy.com.
Each of JPMorgan Cazenove and Tristone is acting exclusively for the
Company as joint underwriters and co-managers and no one else in relation to
the offering and will not be responsible to any other person (whether or not
such person is in receipt of this announcement) for providing the protections
afforded to its customers or for advising any other person in relation to the
offering or any transaction or arrangement referred to herein.
This announcement and the information contained herein is not for
publication or distribution to persons into or from the United States of
America, Australia or Japan or in any jurisdiction in which such publication
or distribution is unlawful.
The making of an offer (including the proposed offering) in certain
jurisdictions or to residents who are citizens of certain jurisdictions
("Foreign Persons"), may be restricted by laws or regulations of the relevant
jurisdictions. Foreign Persons should inform themselves about and observe any
such applicable legal requirements in their respective jurisdiction.
This announcement does not constitute an offer to sell or issue, or
constitute the solicitation of an offer to acquire or buy, any ordinary shares
to any Foreign Persons to whom it is unlawful to make such offer or
solicitation in such jurisdiction.
The securities offered have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "Securities Act") or
with any securities regulatory authority of any State or other jurisdiction of
the United States and, accordingly, may not be offered or sold in the United
States unless registered under the Securities Act or pursuant to an exemption
from such registration. No regulatory authority has passed upon or endorsed
the merits of the offering of the securities or the accuracy or adequacy of
this announcement. Any representation to the contrary is a criminal offence in
the United States.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
To receive Company news releases via email, please contact sarah@
chfir.com and specify "Serica press releases" in the subject line.
For further information:
For further information: Enquiries: Serica Energy plc: Paul Ellis, Chief
Executive Officer, firstname.lastname@example.org, +44 (0)20 7487 7300; Chris
Hearne, Finance Director, email@example.com, +44 (0)20 7487 7300;
JPMorgan Cazenove: Steve Baldwin, firstname.lastname@example.org, +44
(0)20 7588 2828; Tristone Capital Limited: Majid Shafiq,
email@example.com, +44 (0)20 7355 5872; Pelham Public Relations -UK:
James Henderson, firstname.lastname@example.org, +44 (0)20 7743 6673; Alisdair
Haythornthwaite, email@example.com, +44 (0)20 7743 6676;
CHF - Canada: Sarah Gingerich, firstname.lastname@example.org, (416) 868-1079