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Serica Energy PLC: Share Incentive Plan & Share Purchase by Directors14.11.2014 | 18:07 Uhr | Marketwired
LONDON, Nov 14, 2014 - Serica Energy plc ( The Company will in the future make announcements on a quarterly basis, detailing in aggregate, the number of shares allotted or purchased each month on behalf of Chris Hearne and Mitch Flegg. The operation of the Plan is at the discretion of the Remuneration Committee and, under the terms of the Company's share dealing code, employees are not permitted to join or leave the Plan or change their participation during close periods. The Company's Remuneration Committee will continue to review annually the operation of the Plan. Share Purchase by Directors The Trustees of the Plan have made purchases of and allocated Serica shares under the terms of the Plan on behalf of employees and officers of the Company as a result of which certain directors increased their beneficial shareholdings in the Company by a total of 9,996 shares on 13 November 2014, as follows: Christopher Hearne (Finance Director) acquired 4,998 ordinary shares at an average price of 9 pence per share taking his total beneficial shareholding to 1,127,412 shares representing 0.45% of the voting rights; Mitchell Flegg (Chief Operating Officer) acquired 4,998 ordinary shares at an average price of 9 pence per share taking his total beneficial shareholding to 377,259 shares representing 0.15% of the voting rights. The Company has 250,179,040 shares issued and outstanding. 14 November 2014
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