2025-04-18T08:58:00.000Z

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In accordance with the regulations set forth by the UK Takeover Code, Dimensional Fund Advisors Ltd., acting as an investment advisor on behalf of its affiliates, has publicly disclosed its position in EnQuest PLC as well as holdings related to Serica Energy PLC. Dated April 21, 2025, this disclosure indicates that Dimensional currently holds a significant stake in the relevant securities of both companies, representing over 1% of their equity.

The detailed report, known as FORM 8.3, serves as a public opening position disclosure, reflecting Dimensionals interests in securities that fall under the regulatory framework of the Takeover Code. Notably, the firm expressly disclaims beneficial ownership of the shares described in the disclosure, suggesting a structured investment approach that may involve various investment vehicles or collective management strategies.

Dimensional has reported ownership of approximately 53,110,923 shares of EnQuest PLC, which constitutes about 2.86% of the company's outstanding shares. This holding positions Dimensional as a notable stakeholder in EnQuest, a company primarily engaged in the exploration and production of oil and gas resources.

In addition, the disclosure also mentions that Dimensional is making disclosures regarding Serica Energy PLC, a company similarly involved in the energy sector. The inclusion of Serica Energy signifies that Dimensionals investment strategies are diversified across various entities within the energy market, showcasing a broader interest in potential growth and profitability in this sector.

The report further outlines that on April 17, 2025, Dimensional executed the sale of 112,432 shares of EnQuest PLC at a price of 0.1349 per share. This transaction reflects active management of their portfolio, as the firm adjusts its holdings based on market conditions and investment objectives. It is important to note that all transactions must be reported in accordance with the rules, emphasizing transparency and adherence to regulatory requirements.

Rule 8.3 of the Takeover Code mandates that any individual or entity that holds a relevant security amounting to 1% or more must disclose their position, ensuring that market participants have access to essential information that may influence investment decisions. This rule is designed to promote fair trading practices and to protect the integrity of the financial markets.

Furthermore, the disclosure includes an affirmation that Dimensional does not possess voting discretion over 103,993 shares that are included in the overall ownership tally. This detail underlines the complexities of investment management, where certain holdings may not confer direct control over voting rights.

The regulatory framework surrounding such disclosures is critical for maintaining market trust and operational transparency. Firms such as Dimensional are required to keep meticulous records of their financial dealings, and any agreements, contracts, or arrangements that could impact their securities must also be disclosed. In this instance, the report confirms that there are no indemnities or other dealing arrangements affecting the reported holdings, underscoring the straightforward nature of Dimensional's disclosures.

As the energy market continues to evolve, disclosures like those from Dimensional Fund Advisors provide valuable insights into investor sentiment and market dynamics. Investors and analysts alike will be watching closely to see how these holdings evolve and what implications they may have for the future of both EnQuest PLC and Serica Energy PLC.