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(Sharecast News) - Serica Energy said on Wednesday that its planned move from AIM to London's main market would be delayed until after the publication of its full-year 2025 results, citing the need to incorporate newly-acquired assets into its regulatory filings.
The North Sea-focused oil and gas producer had targeted completion of the transfer in the fourth quarter of 2025, but said on Wednesday that recent merger and acquisition activity had added to the disclosure requirements for the move, including the preparation of a competent person's report covering the reserves and resources of the acquired assets.
It said it remained fully committed to completing the transition "at the earliest viable opportunity" and that most of the preparatory work had already been done.
Serica now expected the move to take place once its audited 2025 financial statements and updated CPR were published.
At 1052 BST, shares in Serica Energy were up 3.02% at 191.2p.
Reporting by Josh White for Sharecast.com.
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