Southern Energy Corp. EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR DEALINGS
March 05 2024 - 2:00AM
RNS Regulatory News
RNS Number : 5315F
Southern Energy Corp.
05 March 2024
EMPLOYEE SHARE PURCHASE PLAN
AND DIRECTOR/PDMR DEALINGS
Calgary, Alberta - March 5, 2024 - 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.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Ian
Atkinson
2. Calvin Yau
3. Gary
McMurren
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Director, President
and Chief Executive Officer
2. Chief Financial
Officer
3. Chief Operating
Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Southern Energy Corp.
|
|
b)
|
LEI
|
213800R25GL7J3EBJ698
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
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 financial
instrument, type of instrument
|
Common Shares in Southern Energy
Corp.
|
|
|
|
|
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$0.17
|
19,257
|
|
2.
|
CAD$0.17
|
18,102
|
|
3.
|
CAD$0.17
|
18,102
|
|
|
d)
|
Aggregated information
|
|
|
|
N/A, single transaction for each
PDMR
|
|
|
|
|
e)
|
Date of the transaction
|
4 March 2024
|
|
f)
|
Place of the transaction
|
TSX Venture Exchange
|
For
further information, please contact:
|
Southern Energy Corp.
Ian Atkinson (President and
CEO)
Calvin Yau (CFO)
|
+1 587 287 5401
+1 587 287 5402
|
|
Strand Hanson Limited - Nominated & Financial
Adviser
James Spinney / James
Bellman
Stifel Nicolaus Europe Limited - Joint
Broker
Callum Stewart / Ashton
Clanfield
|
+44 (0) 20 7409 3494
+44 (0) 20 7710
7600
|
|
Tennyson Securities - Joint Broker
Peter Krens / Pav
Sanghera
Camarco
Owen Roberts / Billy Clegg / Hugo
Liddy
|
+44 (0) 20 7186 9033
+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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END
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