REG - Southern Energy Corp - DIRECTOR/PDMR DEALING

Southern EnergyAnnouncement

25/04/2023 07:00

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RNS Number : 3580X  Southern Energy Corp.  25 April 2023

 

DIRECTOR/PDMR DEALING

 

Calgary, Alberta - April 25, 2023 - Southern Energy Corp. ("Southern" or the
"Company") (SOU: TSXV) (AIM:SOUC) (OTCQX:SOUTF) announces the following
purchase of common shares of no par value in the capital of the Company
("Common Shares").

 

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation (as applied to UK law), provides 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
 c)  Price(s) and volume(s)

Volumes         Prices
                                                                  1.   60,000     CAD0.30

                                                                  1.   10,000     CAD0.305
                                                                  2.   100,000    CAD0.30
                                                                  3.   27,000     CAD0.30

                                                                  3.   15,000     CAD0.305

                                                                  3.   8,000      CAD0.31

                                                                  3.   10,000     CAD0.315
 d)  Aggregated information                                       1.   70,000 at an average price of CAD0.301
                                                                  2.   N/A, single transaction

                                                                  3.   60,000 at an average price of CAD0.305

 e)  Date of the transaction                                      20 April 2023, 21 April 2023 & 24 April 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

1.   70,000 at an average price of CAD0.301

2.   N/A, single transaction

3.   60,000 at an average price of CAD0.305

e)

Date of the transaction

20 April 2023, 21 April 2023 & 24 April 2023

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

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 Spinney / James Bellman

 Canaccord Genuity - Joint Broker                           +44 (0) 20 7523 8000

 Henry Fitzgerald-O'Connor / James Asensio
 Stifel Nicolaus Europe Limited - Joint Broker              +44 (0) 20 7710 7600

 Callum Stewart / Ashton Clanfield

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

 Peter Krens / Pav Sanghera

 Camarco                                                    +44 (0) 20 3757 4980

 Owen Roberts / Billy Clegg / Hugo Liddy

 

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).

 

 

 

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