Southern Energy Corp. SHARE PURCHASE PLAN, PDMR AND BLOCK ADMISSION (4166S)
November 06 2023 - 2:00AM
UK Regulatory
TIDMSOUC
RNS Number : 4166S
Southern Energy Corp.
06 November 2023
EMPLOYEE SHARE PURCHASE PLAN, DIRECTOR/PDMR DEALINGS AND BLOCK
ADMISSION SIX MONTHLY RETURN
Calgary, Alberta - November 6, 2023 - Southern Energy Corp.
("Southern" or the "Company") (SOU: TSXV) (AIM:SOUC) (OTCQX:SOUTF)
announces the following purchases of common shares ("Common
Shares") under its Employee Share Purchase Plan, which was adopted
by the Company on April 1, 2023 and is described in more detail in
the Management Information Circular accompanying the 2023 Notice of
Annual General Meeting. It is noted that such Common Shares
purchased pursuant to the Employee Share Purchase Plan are subject
to a six calendar month restriction on their sale.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation (as applied in UK
law), provide further detail on the applicable transactions.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name 1. Ian Atkinson
2. Calvin Yau
3. Gary McMurren
-------------------------- ------------------------------------------------
Reason for the notification
2.
----------------------------------------------------------------------------
a) Position/status 1. Director, President and Chief Executive
Officer
2. Chief Financial Officer
3. Chief Operating Officer
-------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Southern Energy Corp.
-------------------------- ------------------------------------------------
b) LEI 213800R25GL7J3EBJ698
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4. each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
----------------------------------------------------------------------------
a) Description of the Common Shares in Southern Energy Corp.
financial instrument,
type of instrument
Identification code CA8428131059
b) Nature of the transaction Purchase of Common Shares under the Company's
Employee Share Purchase Plan
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price Volume
1. CAD$0.27 12,273
--------- -------
2. CAD$0.27 11,537
--------- -------
3. CAD$0.27 11,537
--------- -------
d) Aggregated information
N/A, single transaction for each PDMR
e) Date of the transaction 2 November 2023
-------------------------- ------------------------------------------------
f) Place of the transaction TSX Venture Exchange
-------------------------- ------------------------------------------------
Block Admission Six Monthly Update
Southern also announces the following update on its block
admission of shares to be issued to holders of the outstanding
warrants issued in 2021 (the "2021 Warrants") and the outstanding
8% convertible unsecured subordinated debentures issued on June 14,
2019 and January 15, 2021 (the "Convertible Debentures").
Name of company: Southern Energy Corp.
Name of schemes: The Southern Energy Corp - warrants
issued in 2021 and the 8% convertible
unsecured subordinated debentures
issued on 1 4 June 2019 and 15
January 2021
Period of return: From: 6 May 2023
To: 5 November 2023
Balance of unallotted securities 15,856,250 Common Shares
under scheme(s) from previous return:
The amount by which the block scheme(s) Nil Common Shares
has been increased since the date
of the last return (if any increase
has been applied for):
Number of securities issued/allotted 46,875 Common Shares
under the scheme during the period:
Number of securities lapsed under Nil Common Shares
the schemes during the period:
Balance under the schemes of securities 15,809,375 Common Shares
not yet issued at the end of the period
subject to the block admission:
For further information, please contact :
Southern Energy Corp.
Ian Atkinson (President and CEO) +1 587 287 5401
Calvin Yau (CFO) +1 587 287 5402
Strand Hanson Limited - Nominated & Financial
Adviser
James Spinney / James Bellman +44 (0) 20 7409 3494
Stifel Nicolas Europe Limited - Joint Broker
Callum Stewart / Ashton Clanfield / Simon Mensley +44 (0) 20 7710 7600
Tennyson Securities - Joint Broker
Peter Krens / Pav Sanghera +44 (0) 20 7186 9033
Canaccord Genuity - Joint Broker
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Camarco
Owen Roberts / Billy Clegg / Hugo Liddy +44 (0) 20 3757 4980
About Southern Energy Corp.
Southern Energy Corp. is a natural gas exploration and
production company. Southern has a primary focus on acquiring and
developing conventional natural gas and light oil resources in the
southeast Gulf States of Mississippi, Louisiana, and East Texas.
Our management team has a long and successful history working
together and have created significant shareholder value through
accretive acquisitions, optimization of existing oil and natural
gas fields and the utilization of re-development strategies
utilizing horizontal drilling and multi-staged fracture completion
techniques.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019.
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