Serica Energy has this morning completed its admission to the Main Market of the London Stock Exchange.
The move simultaneously sees Serica Energy's cancellation from trading on AIM.
In a statement this morning, Serica confirmed it was not offering any new ordinary shares or securities in connection with the admission, meaning the total number of ordinary shares in issue will remain 393,568,407 and will be valued at $0.10 each.
Speaking last month ahead of the admission, Serica Chairman David Latin said: “This is a notable milestone for Serica. The company has come a long way since listing on AIM over 20 years ago.
"Serica has progressed to become one of the leading independent producers in the UK North Sea, with material and growing production, strong cash generation, and the opportunity to deliver value for shareholders through both exciting organic growth opportunities and disciplined acquisitions.
"We have been proud to be part of AIM, and the move to the Main Market reflects the scale and maturity of the business today, supporting our ambition to deliver long-term value for shareholders through providing the platform to take our investment case to the widest possible audience.”
Earlier this month, Serica posted its Q3 results, revealing revenue of $905million (£679.47million) in the first nine months of the year, more than double the corresponding figure from 2025.
FSTE100
The UK's flagship share index, the FTSE 100, was down 73 points at 10,660 shortly after opening this morning.
Brent crude oil futures were up 0.64%, sitting at $111.45 a barrel this morning.
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