Website last updated 10 July 2026 in accordance with AIM Rule 26.
The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies.
Serica Energy Plc (AIM: SQZ) is an independent British oil and gas company with a broad portfolio of assets located in the UK Continental Shelf (UKCS). The Company operates assets that deliver around 10% of the UK's gas production, a key component of the UK energy system, and has invested over £1 billion in the UK supply chain since 2020. Serica maintains a broadly balanced output of oil and gas across its operations.
The Board of Directors acknowledges the importance of corporate governance. The Board has adopted the Quoted Companies Alliance Code (the ‘QCA Code’). The Directors believe that the QCA Code provides the Company with the right framework to maintain a strong level of governance.
The Board of the Company currently consists of the Chair (the ‘Chair’), two Executive Directors, four Independent Non-Executive Directors (‘INEDs’) and two Non-Executive Directors (‘NEDs’). Kate Coppinger holds the position of Senior Independent Director.
Alongside the Chair, the INEDs and NEDs have the range of experience and calibre to bring judgement on issues of strategy, performance, resources and standards of conduct which is vital to the success of the Group.
The Board retains full and effective control over the Company. The Company holds regular Board meetings at which financial, operational, risk and other reports are considered and, where appropriate, voted on. The Board is responsible for the Group’s strategy, performance, risk, key financial and compliance issues, approval of any major capital expenditure and the framework of internal controls. The Board Committees provide regular updates at each Board meeting. The matters reserved for the Board include, amongst others, approval of the Group’s long-term objectives, policies and budgets, changes relating to the Group’s management structure, approval of the Group’s Annual Report and Accounts and ensuring maintenance of sound systems of internal control.
There is a clearly defined organisational structure with lines of responsibility and delegation of authority to executive management. The Board is responsible for monitoring the activities of the executive management team. The Chair has the responsibility of ensuring that the Board discharges its responsibilities and is also responsible for facilitating full and constructive contributions from each member of the Board in determination of the Group’s strategy and overall commercial objectives. In the event of an equality of votes at a meeting of the Board, the Chair has a second or casting vote.
Details of the ten principles of the QCA Code, the Chair's Governance Statement and how the Company complies with the principles can be found on our Governance page.
Nominations Committee | David Latin, Chair Kate Coppinger, Senior Independent Director Robert Lawson, Non-Executive Director |
|---|---|
Remuneration Committee | Kate Coppinger, Senior Independent Director Michiel Soeting, Independent Non-Executive Director Sian Lloyd Rees, Independent Non-Executive Director |
Health, Safety & Environmental Committee | Chris Cox, Chief Executive Officer Kaat Van Hecke, Independent Non-Executive Director Sian Lloyd Rees, Independent Non-Executive Director |
Reserves Committee | Chris Cox, Chief Executive Officer Michiel Soeting, Independent Non-Executive Director Kaat Van Hecke, Independent Non-Executive Director |
Audit and Risk Committee | Kate Coppinger, Senior Independent Director Michiel Soeting, Independent Non-Executive Director Kaat Van Hecke, Independent Non-Executive Director |
Sustainability Committee | Martin Copeland, Chief Financial Officer Robert Lawson, Non-Executive Director Sian Lloyd Rees, Independent Non-Executive Director |
Serica Energy plc is incorporated in England and Wales. Its main country of operations is the United Kingdom.
The Company's shares are listed on AIM in London under ticker symbol SQZ and is a designated foreign issuer on the Canadian TSX.
There are no restrictions on the transfer of securities.
Nominated Advisors and Joint-Brokers
Peel Hunt LLP
7th Floor
100 Liverpool St
London
EC2M 2AT
Jefferies
100 Bishopsgate
London
EC2N 4JL
Company Secretarial Advisors
AMBA Secretaries Ltd
info@ambacosec.com
Auditors
Ernst & Young LLP
1 More London Place
London
SE1 2AF
Bankers
Barclays, Lloyds
Public Relations
Vigo Consulting
78-79 New Bond Street
London
W1S 1RZ
UK Legal Advisors
Ashurst LLP
Fruit & Wool Exchange
1 Duval Square
London
E1 6PW
Canadian Legal Advisors
Stikeman Elliott LLP
Dauntsey House
4b Frederick's Place
London
EC2R 8AB
UK Registrars
MUFG Corporate Markets
Central Square
29 Wellington Street
Leeds
LS1 4DL
The Company is subject to the rules of the UK City Code on Takeovers and Mergers.
