REG - Southern Energy Corp - Block Admission Six Monthly Return & Cancellation

Southern EnergyAnnouncement

02/02/2026 07:00

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RNS Number : 2784R  Southern Energy Corp.  02 February 2026

 

SOUTHERN ENERGY CORP.

BLOCK ADMISSION SIX MONTHLY RETURN

CANCELLATION OF BLOCK ADMISSION

Calgary, Alberta - February 2, 2026 - Southern Energy Corp. ("Southern" or the
"Company") (TSXV:SOU) (AIM:SOUC) 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 10% 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 10% convertible
                                                                               unsecured subordinated debentures issued on 14 June 2019 and 15 January 2021
 Period of return:                                                             From: 6 May 2025

                                                                               To:     2 February 2026

 Balance of unallotted securities under scheme(s) from previous return:        3,906,250 Common Shares
 The amount by which the block scheme(s) has been increased since the date of  Nil Common Shares
 the last return (if any increase has been applied for):
 Number of securities issued/allotted under the scheme during the period:      Nil Common Shares
 Number of securities lapsed under the schemes during the period:              3,906,250 Common Shares
 Balance under the schemes of securities not yet issued at the end of the      Nil Common Shares
 period subject to the block admission:
 Name of contact:                                                              Calvin Yau, CFO
 Telephone number of contact:                                                  +1 587 287 5402

Cancellation of Block Admission

The 2021 Warrants and the Convertible Debentures have now expired and
convertible debentures or warrants remain outstanding. No further shares may
be issued under the block listing and no further block listing returns will be
made in respect of this expired Plan; therefore, the block listing is hereby
cancelled.

Total Voting Rights

As at February 2, 2026, the total number of voting rights in the Company was
336,254,953 which may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules. There are no Common Shares held in
treasury and each Common Share entitles the holder to a single vote at general
meetings of the Company.

 

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      +44 (0) 20 7409 3494

 James Bellman / Rob Patrick / Edward Foulkes

 Tennyson Securities - Broker                               +44 (0) 20 7186 9033

 Peter Krens / Jason Woolard

About Southern Energy Corp.

 

Southern Energy Corp. is a natural gas exploration and production company
characterized by a stable, low-decline production base, a significant low-risk
drilling inventory and strategic access to premium commodity pricing in North
America. 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.

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