Serica Energy has provided an update on its planned move from AIM to the Main Market.
The Company remains committed to moving to the Main Market at the earliest viable opportunity. Serica had been progressing work on the move from AIM to the Main Market of the London Stock Exchange which, as previously communicated, was set to be completed in Q4 2025. Due to recently announced M&A activity and the impact these transactions will have on the required regulatory disclosure (including the need for the inclusion of a Competent Person's Report ('CPR') in relation to the acquired reserves and resources in the required prospectus) Serica has determined that it will not now be possible to complete the move up in 2025.
Given much of the preparatory work has been completed, the move up is now expected to occur at the earliest opportunity following publication of Serica's audited FY 2025 accounts and consolidated year end CPR information on the Company's existing assets and recent acquisitions.
Source: Serica Energy
